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)

Related Irish News Stories
Click here for the latest headlines.

27 September 2018
National Average Rent Rose By 7.6% In Second Quarter Of 2018
The national average rent rose by 7.6% – €1,094 per month, up from €1,017 one year earlier – in the second quarter of 2018, according to the latest report by the Residential Tenancies Board (RTB). According to the report, nationally, rents grew at 7.
02 July 2019
19 New Rent Pressure Zones Announced
A further 19 new Rent Pressure Zones (RPZs) across 11 counties have been announced by the Minister for Housing, Planning and Local Government, Eoghan Murphy.
23 August 2016
Govt Urged To Introduce Rent Certainty
Sinn Féin has renewed its call to the government to look again at introducing rent certainty after figures revealed a national rise in rents of 3.9%. Dessie Ellis TD made the call following a report from property website daft.ie.
29 June 2016
Cabinet Agrees To Increase Rent Limits
The Cabinet has agreed to increase rent limits under the Rent Supplement and Housing Assistance Payment (HAP) schemes, Minister for Social Protection Leo Varadkar and Minister for Housing, Planning & Local Government Simon Coveney have announced.
03 December 2015
Govt Passes Rent Reform Bill
Ireland's Residential Tenancies Bill has passed all stages of the Dáil and Seanad, it has been announced. The Bill is now expected to be signed into law by the president as soon as possible. The Bill will bring a number of major reforms to the private rental sector in Ireland, providing rent certainty and safeguards for both tenants and landlords.