Rent increases will be capped at 2 per cent or linked to inflation if it is lower than this under new housing reforms to be brought to Cabinet on Thursday.
Minister for Housing Darragh O’Brien will bring legislation to Cabinet which will link rent increases to either the harmonised index of consumer prices or cap any increases at 2 per cent if inflation rises above this level.
Mr O’Brien has consulted with the Attorney General to ensure the plans can withstand any potential legal challenge, and the Government is confident that the new system will be legally sound.
Under the plans the law would be reviewed by the Minister for Housing every 12 months, but the measures will be long-term and aimed at halting further rises in rental prices in the coming years. “It is not a temporary measure, this is a permanent change in rental legislation,” he
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