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YESTERDAY, THE GOVERNMENT announced plans to introduce rental increase caps of 4% per year in certain ‘rent pressure zones’ in Dublin and Cork.
The move, which forms part of Government’s new rental strategy, is one of the most substantive yet in its battle with a housing crisis that has dogged the country for some years now.
However, the plans have not exactly met with universal approval. Sinn Féin have accused Housing Minister Simon Coveney of failing renters, while Fianna Fáil, on whose support the Government consistently relies given their “confidence and supply” arrangement, have said the plan is flawed and needs to account for additional cities (whilst also agreeing to support it).
But what do you think? Will the measures have the desired effect?
We’re asking: Will the Government’s new “rent pressure zones” proposal be effective?
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