A new system that would tie the rent increases on newly-built premises to the rate of inflation is being considered by the Government according to reports.
It would see the application of the 2% year-on-year maximum price increase on rental properties within rent pressure zones scrapped for any newly-built properties, according to RTÉ News.
Instead in its place, landlords would be able to tie the increase in year-on-year prices on these newer builds to the rate of inflation.
The 2% cap for older rental properties within rent pressure zones would likely be unchanged in these new proposals however.
Today it is also being reported by The Journal that landmark tenancy protection legislation may be introduced along with the changes to rent pressure zones.
They are reporting that under the measures being considered is a six-year secure tenancy for renters who have been in a property for at least six months – meaning that for that six year period, a no-fault eviction notice cannot be issued to them.
