19 New Rent Pressure ZonesPosted July 5th, 2019
On Tuesday I announced the designation of 19 new Rent Pressure Zones (RPZs) across 11 counties. This is the most significant expansion of rent controls since the rent pressure zones were first introduced two years ago. Nineteen new areas will now come under the 4% annual cap. It is a direct result of the new rent reforms that were introduced into law last month. We brought these changes in because while our rent controls are having an impact, they are clearly needed outside of Dublin and in other existing high rent areas. Because of these changes roughly 65% of renters are now covered by rent controls.
Rents are still too high and in some parts of the country are still rising unsustainably. This was anticipated and that’s why we moved to change the criteria for RPZ designation. It is also why we strengthened the enforcement of existing rent pressure zones. These changes will take time to have an effect as they have only recently become law. It is also important to remember that the short term letting reforms should now also see an increased supply of long term lets which should also help tackle rising rents.
The new rent control areas are important, but so are new protections for renters everywhere that were introduced last month with the rent reform bill which had cross-party support in the Oireachtas.
More information is here.