Extension of rent pressure zones will ‘jack up rents’ – Ó Broin
Sinn Féin TD and spokesperson on Housing Eoin Ó Broin has commented on the addition of 23 towns and all of Galway city to the states’ list of rent pressure zones. Deputy Ó Broin stated that the extension of rent pressure zone will “jack up rents” in bordering areas and towns.
“There is a real concern that in in the towns and villages bordering designated rent pressure zones that rents will increase as a direct result of their exclusion from the new measure. For example, in Minster Coveney’s own homeland of Carrigaline in Cork, half of the town will be a rent pressure zone and the other half will not. This is a green light for landlords outside the zone to jack up rents.
“There is also so the argument that towns and cities, such as Limerick, that don’t meet the stringent criteria to be designated rent pressure zones will be left to the mercy of the rental market.
“Within the rent pressure zones, tenants are still facing a 12.5% rent hike over the next three years.
“When these measures were introduced in December Sinn Féin voiced its disappointment. The 700,000-plus renters in this state deserve better. Sinn Féin pushed to have real index linked rent certainty introduced in tandem with greater security of tenure included in the government’s Planning and Development (Housing) and Residential Tenancies Bill.
“The Government missed an opportunity to introduce real reform to the rental market in December. Sinn Féin will continue to push for real rent certainty linked to an index such as the CPI and other reforms of the rental sector that are required to ensure stability and fairness for tenants and landlords alike.”