Rent Controls on the Way…

The government today announced its plan for the rental sector.

This Strategy builds on work already underway across the five pillars of Rebuilding Ireland and focuses, in particular, on the four key areas which Rebuilding Ireland identified for action in the rented residential sector;

Security – bringing greater certainty to tenants and landlords;

Supply – maintaining existing levels of rental stock and promoting additional supply through encouraging new investment and bringing unused capacity to the market

Standards – improving the quality and management of rental accommodation;

Services – broadening broadening and strengthening the role and powers of the RTB to more effectively provide key services to tenants and landlords.

The most significant measure is the introduction of Rent Pressures Zones – a form of rent caps.

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