Rent pressure zone legislation ‘failing miserably’ – Ó Broin
Sinn Féin spokesperson on Housing Eoin Ó Broin TD has called on the Minster for Housing Eoghan Murphy to introduce real rent certainty as figures published by Daft.ie show that, yet again, rents are at a record high across the state. The report states that the average rent is now €1,200, with Dublin rents up 12.3% in the year to September 2017.
Deputy Ó Broin said:
“Daft’s figures for Q3 of 2017 show that rents are continuing to rise to unsustainable levels. The data also indicates that the rent pressure zone legislation, introduced almost a year ago is not working, as there is no tangible difference in the rent increases in designated rent pressure zones and the rest of the state.
“The rent pressure zone legislation was supposed to cool rent increases. It hasn’t worked. The rental market is still broken and now the Minister needs to act decisively and bring in real rent certainty.
“From the data in this report, it is clear that landlords are breaching the 4% cap set by the current legislation. Unfortunately, as with most issues within the private rented sector, the tenant is responsible for ensuring that landlords are complying with the new legislation.
“This report from Daft also indicates that there were only 3,365 properties available to rent across the state on November 1st. According to Daft.ie, this is the lowest number ever recorded for this time of year, since Daft started reporting in 2006.
“With the supply of rental properties so limited, many tenants are reluctant to challenge the landlord’s asking price for fear of not finding anywhere to live.
“Sinn Féin has tabled numerous Bills and amendments calling for the introduction of real rent certainty. Both Fine Gael and Fianna Fáil failed to support this measure, which would have provided real breathing space to all tenants. It is past time for them to reconsider their opposition to rent certainty.”