Revealed: Existing tenants suffering huge rent rises, amid fears landlords are ignoring RPZ rules, a situation that has sparked concern and criticism from politicians and housing advocates alike. The latest figures from the Economic and Social Research Institute (ESRI) and the Residential Tenancies Board (RTB) have been described as ‘utterly depressing’ by Sinn Féin TD Eoin Ó Broin, highlighting a grim reality for renters in Ireland.
- Average rent increase for existing tenants was 5.2% over the past year.
- New tenancies are experiencing rental costs more than five times the RPZ cap.
- There are growing concerns about landlord compliance with rent control measures.
- RTB plans to use data to enforce rental rules and identify non-compliance.
- Sinn Féin TD Eoin Ó Broin calls for increased enforcement action by the RTB.
ESRI and RTB Data Show Disturbing Trends in Rent Increases
The study commissioned by the RTB and conducted by ESRI found that existing tenants faced an average rent hike of 5.2% compared to the previous year, despite most regions being designated as Rent Pressure Zones (RPZs) where rent increases should not exceed 2% annually. This discrepancy suggests that landlords may not be fully complying with the RPZ regulations.
Landlords Potentially Flouting Rent Control Measures
The findings indicate that new tenancies are seeing rental costs rise at an alarming rate, with increases more than five times higher than the rental cap allowed in RPZs. The RTB has expressed intentions to use the data from the rent index to pursue landlords who breach these rules, emphasizing the need for stricter enforcement to ensure compliance.
|Average Rent for New Tenancies
|Average Rent for Existing Tenancies
|Annual Increase for Existing Tenancies
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Revealed: Existing tenants suffering huge rent rises, amid fears landlords are ignoring RPZ rules, has become a pressing issue for the housing sector in Ireland. The recent data underscores the urgent need for more robust enforcement of rent control measures to protect tenants from unsustainable increases. As the gap between new and existing tenancies widens, the call for action grows louder, with advocates like Eoin Ó Broin urging the RTB to leverage their resources and data to clamp down on non-compliance.