Housing Minister James Browne announced the swift implementation of Rent Pressure Zones (RPZ) nationwide to curb anticipated rent hikes by landlords. Under the proposed laws, annual rent increases will be limited to 2% or the rate of inflation, whichever is lower. While Browne assures that there will be 'no messing around' in enforcing these rules, experts warn that this may unintentionally motivate landlords to raise rents before these measures take effect, potentially exacerbating the housing crisis.
Browne emphasized that there will be 'no messing around' as the Government moves quickly to implement Rent Pressure Zones to curb rising rents.
Experts have cautioned that while the move aims to stabilize rents, it may ironically create an overwhelming incentive for landlords to increase rents ahead of the regulation.
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