Two in five tenants in rent pressure zones faced increase above 4pc cap –

Two out of five tenants in rent pressure zones (RPZs) had rent increases above the ceiling of 4pc since the controls were introduced, a new study by the ESRI has found.

Despite the Government’s introduction of RPZs in 2016 to curb rapidly rising rents in high-demand areas like the Greater Dublin Area, almost half of tenants (42.54pc) “still face rates of increase above 4pc”, the ESRI revealed in its report ‘Trends in Rental Price Inflation and the Introduction of Rent Pressure Zones in Ireland’.

The report was discussed at a seminar hosted by the State’s Residential Tenancies Board (RTB) in Dublin yesterday.

While the bulk of tenants living in RPZs saw their rents increase by between 2.4pc and 3pc a year between the last quarter of 2016 and the third quarter of 2018, “the growth rates are still above 4pc” for many tenants, said ESRI economist Dr Conor O’Toole.


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