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09/05/2017
Minister For Housing Urged To Conduct Urgent Review Of RPZs
Minister for Housing Simon Coveney has been urged to conduct an urgent review of rent pressure zones (RPZ) following the publication of new results by Daft.ie.
The latest figures show that rents are at a record high across the state, with the average rent now standing at €1,131, with Dublin rents up 13.9% year on year.
Sinn Féin spokesperson on housing, Eoin Ó Broin said: "Daft's figures for Q1 of 2017 show that rents are continuing to rise to unsustainable levels. The data also indicates that a two tier rental market is emerging. Sitting tenants within the rent pressure zones are facing rent increases of 4%, while those new to the rental market or tenants searching for new home after being evicted are facing rent increases of 50%.
"Unfortunately, while this trend is worrying, it is not surprising. The introduction of rent pressure zones was supposed to restrain rents and limit annual increases. This lacklustre attempt at cooling the rental market is not working and now the Minister needs to investigate why."
(MH/CD)
The latest figures show that rents are at a record high across the state, with the average rent now standing at €1,131, with Dublin rents up 13.9% year on year.
Sinn Féin spokesperson on housing, Eoin Ó Broin said: "Daft's figures for Q1 of 2017 show that rents are continuing to rise to unsustainable levels. The data also indicates that a two tier rental market is emerging. Sitting tenants within the rent pressure zones are facing rent increases of 4%, while those new to the rental market or tenants searching for new home after being evicted are facing rent increases of 50%.
"Unfortunately, while this trend is worrying, it is not surprising. The introduction of rent pressure zones was supposed to restrain rents and limit annual increases. This lacklustre attempt at cooling the rental market is not working and now the Minister needs to investigate why."
(MH/CD)
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