Rent pressure zones to be extended until 2021 to contain rising rents - News Summed Up

Rent pressure zones to be extended until 2021 to contain rising rents


Rent pressure zones are set to be extended to the end of 2021, the government has confirmed. Simon Coveney told the Dail today that Cabinet had made the decision to extend the legislation and also makes changes to how the qualification criteria for how rent pressure zones are calculated. Rent pressure zones (RPZ) legislation was introduced in December 2016 as a means of controlling spiralling rents. Mr Coveney said the criteria changes were needed “to separate Dublin from the rest of the country because rents are much so higher in Dublin”. Ad hoc approaches simply won’t suffice.”Rent Pressure Zones are located in parts of the country where rents are highest and rising, and where households have the greatest difficulty finding accommodation they can afford.


Source: Irish Examiner April 02, 2019 19:30 UTC



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