O'Brien pushes for rent increase cap of 2pc to come into force next month – Independent.ie

A cap on rent increases of as little as 2pc could come into force as early as next month.

ousing Minister Darragh O’Brien is pushing for a 2pc cap that could be signed off by the Cabinet by the end of this month.

The Attorney General is also involved in crafting the new measures, which would see rents rising in line with general inflation to a maximum value of 2pc.

It is understood there has not been any push-back as yet from Mr O’Brien’s coalition partners in relation to the cap.

Despite moving to link rent increases to inflation earlier this year, the measure quickly backfired after the inflation rate used to determine rents in rent pressure zones (RPZs) shot up to 3pc.

Previously, RPZs saw rent caps set at 4pc, which soon became a target for some landlords when increasing rents.

With around three-quarters of all tenancies in areas

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