Cap on rent increases to be introduced within weeks, Taoiseach says – The Irish Times

Minister for Housing Darragh O’Brien will introduce a new cap on rent increases “in the coming weeks” to keep them below the rate of inflation, the Taoiseach has told the Dáil.

Micheál Martin said the limit would keep downward pressure on rents in order to ensure they do not rise as they had done in rent pressure zones.

He also said the Residential Tenancies Board (RTB) would receive an additional €11 million to ensure landlords who breach rent caps are penalised.

The Taoiseach was responding to Sinn Féin leader Mary Lou McDonald who claimed there was nothing in the budget for those renting but it had provided tax breaks for landlords.

Ms McDonald renewed her party’s call for a three year freeze for the 750,000 tenants in rental accommodation. She said “not a single measure in Budget 2022 will alleviate the financial pressures faced by renters”.

“There was no

Continue reading this atricle at