Jim O'Callaghan
Question:357. Deputy Jim O'Callaghan asked the Minister for Housing, Local Government and Heritage when he last met the RTB about rent costs; and if he will make a statement on the matter. [8070/24]
View answerTuesday, 20 February 2024
Questions (357)
Written answers
The Residential Tenancies Board, (RTB), was established as a quasi-judicial independent statutory body under the Residential Tenancies Acts 2004-2022 to regulate the rental sector; provide information to tenants and landlords; maintain a national register of tenancies; resolve disputes between tenants and landlords; and conduct research and provide information to inform policy.
Prior to the release of the new format Rent Index report in November 2023, which now includes data on standardised average rent for both new and existing tenancies, I attended a briefing with the ESRI and the RTB to discuss their findings.
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 RTB/ESRI 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 Existing Tenancies Index significantly strengthens the ability to understand the Private Rental Sector overall, which has gone through considerable change in recent years.