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Housing Minister Says Linking Rent To Inflation Is Better Than RPZ Model

Thursday, 1 July 2021 13:20

There are five Rent Pressure Zones in the midlands.

The Housing Minister believes linking rent increases to inflation is a much fairer way than rent pressures zones.

Previously, there was a cap of 4 percent rises per year in these areas - which include Mullingar, Athlone, Tullamore, Portlaoise, and Portarlington-Graiguecullen.

However, now landlords will only be able to increase rent by as much as inflation went up in the previous 12 months.

In the past year it was around 2 percent, while before that it was closer to 1 percent.

Housing Minister Darragh O'Brien believes this change will help bring stability to the market:

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