Violet-Anne Wynne
Question:15. Deputy Violet-Anne Wynne asked the Minister for Housing, Local Government and Heritage if he will comment on a report (details supplied); and if he will make a statement on the matter. [54167/23]
View answerThursday, 7 December 2023
Questions (15)
Written answers
The Residential Tenancies Board (RTB) was established as an independent statutory body under the Residential Tenancies Acts 2004-2022 and as set out in the Acts, the Rent Index is published by the Board on a quarterly basis.
The Rent Index is designed to measure developments in rental prices. Following the introduction of annual registration of tenancies in April 2022, the RTB is now able to collect data on rents paid by sitting tenants and therefore provide rent price developments relating to existing tenancies as well as for new tenancies in the Rent Index. Prior to Quarter 2 this year, the RTB Rent Index was based on new tenancies only.
The Rent Index report is the most accurate and authoritative rent report of its kind on the private rental sector in Ireland. Compared to other market monitoring reports produced for the Irish rental sector, the Rent Index has the considerable benefit of being based on regulatory data covering all new tenancy registrations regardless of how the property was advertised for rent. The Rent Index significantly strengthens the ability to understand the Private Rental Sector overall, which has gone through considerable change in recent years.
Question No. 16 answered orally.