Duncan Smith
Question:85. Deputy Duncan Smith asked the Minister for Housing, Local Government and Heritage if he is considering a rent freeze; and if he will make a statement on the matter. [33753/21]
View answerThursday, 24 June 2021
Questions (85)
Written answers
The Planning and Development (Housing) and Residential Tenancies Act 2016 introduced the Rent Predictability Measure to moderate rent increases in those parts of the country where rents are highest and rising fastest.
The rent increase limit of 4% per annum that applies in Rent Pressure Zones (RPZs) provides for a modest increase in revenue for accommodation providers to ensure that rental properties are maintained to meet minimum standards. The introduction of the rent increase restriction in RPZs had regard to the constitutionally protected property rights of landlords and takes account of local rental market factors, providing certainty to tenants and landlords with regard to medium-term rent levels.
The Rent Predictability Measure is due to expire on 31 December 2021 and any necessary rent controls from 2022 are currently being examined.
Any proposed measure that impacts on private property rights requires detailed consideration and scrutiny having regard to the provisions of article 43 of the Constitution and the associated legal complexities.