Government approves a 2% cap on rents in Rent Pressure Zones – thejournal.ie

Image: Shutterstock/Andrey_Popov Image: Shutterstock/Andrey_Popov

THE GOVERNMENT HAS approved a 2% cap on rent increases in areas designated as Rent Pressure Zones.

It will cap rent increases at 2% or the level of inflation as measured by the harmonised index of consumer prices, whatever is lower.

If you want to check whether your area is in a Rent Pressure Zone, or whether your rent is due to increase, you can check the Residential Tenancies Board’s calculator (note, the 2% cap has not been included in this, as it has to pass through the legislative stages of the Oireachtas, and signed by Uachtarán na hÉireann before it comes into effect). 

Speaking to reporters today, Housing Minister Darragh O’Brien said:

“Earlier on today, I brought to Cabinet the Residential Tenancies (No 3) Bill,

Continue reading this atricle at https://www.thejournal.ie/2-cap-on-rents-rpz-5592170-Nov2021/