Fine Gael Kildare South TD Martin Heydon has said that pressures being experienced by tenants in Commuter counties such as Kildare have been recognised by Housing Minister Simon Coveney and these areas are to be prioritised for designation as Rent Pressure Zones in the New Year. Deputy Heydon was speaking as the new rental measures were being debated in the Dail this evening (Thursday).
“The new strategy for the rental sector as part of the Governments Action Plan for Housing was published earlier this week setting out measures to bring greater certainty to tenants and landlords, maintain existing levels of rental stock and promote additional supply and improve the quality of rental accommodation.
“New Rent Pressure Zones have been created to cover areas where rents are at a high level and rising quickly. This classification will be based on average rents per quarter recorded by the Residential Tenancies Board and the annual rate of rent inflation in the area.
“Rents in Kildare have risen by 13.6% on average from this time last year according to the latest Daft review of national rents, one of the highest rises in the Country after Meath, Louth, Longford and Laois. When compared to their lowest point rents in Kildare have increased by over 50%.
“Minister Coveney today committed to review areas around Dublin including Kildare early in the new year to see if they meet the criteria to be designated as Rent Pressure Zones. The legislation being debated this evening provides for a speedy review process once the latest rental information is available from the RTB which could see additional areas designated as rent pressure zones as early as mid January. In the meantime existing provisions including rental increases being limited to one every two years and a requirement to be below market rental levels will remain in place in Kildare.
“I know from dealing with many tenants through my office and clinics the pressure that faces those tenants who experience rental increases. I hope that this review will control those increases while maintaining and hopefully increasing the supply of rental properties available in the Kildare market.
Fine Gael Kildare South TD Martin Heydon has said that pressures being experienced by tenants in Commuter counties such as Kildare have been recognised by Housing Minister Simon Coveney and these areas are to be prioritised for designation as Rent Pressure Zones in the New Year. Deputy Heydon was speaking as the new rental measures were being debated in the Dail this evening (Thursday).
“The new strategy for the rental sector as part of the Governments Action Plan for Housing was published earlier this week setting out measures to bring greater certainty to tenants and landlords, maintain existing levels of rental stock and promote additional supply and improve the quality of rental accommodation.
“New Rent Pressure Zones have been created to cover areas where rents are at a high level and rising quickly. This classification will be based on average rents per quarter recorded by the Residential Tenancies Board and the annual rate of rent inflation in the area.
“Rents in Kildare have risen by 13.6% on average from this time last year according to the latest Daft review of national rents, one of the highest rises in the Country after Meath, Louth, Longford and Laois. When compared to their lowest point rents in Kildare have increased by over 50%.
“Minister Coveney today committed to review areas around Dublin including Kildare early in the new year to see if they meet the criteria to be designated as Rent Pressure Zones. The legislation being debated this evening provides for a speedy review process once the latest rental information is available from the RTB which could see additional areas designated as rent pressure zones as early as mid January. In the meantime existing provisions including rental increases being limited to one every two years and a requirement to be below market rental levels will remain in place in Kildare.
“I know from dealing with many tenants through my office and clinics the pressure that faces those tenants who experience rental increases. I hope that this review will control those increases while maintaining and hopefully increasing the supply of rental properties available in the Kildare market.