Housing Minister James Browne announced new measures for the rental market effective March 2026, aiming to address rising rents. He emphasized the need to balance tenant protection and investor incentives within a complex framework. Concerns regarding potential rent increases after a six-year period were addressed with the assurance that rents would only rise with inflation or at a maximum of 2%. Browne argued these measures would ultimately enhance tenant security and promote a healthier rental market by gradually resetting rents to align with market rates.
Minister Browne emphasized the necessity of balancing tenant protection and investor attraction, stating, 'There's always going to be a challenge around the complexity of doing anything like this.'
He defended the six-year tenure measure as providing security, explaining that rents cannot exceed inflation or 2%, thus ensuring some predictability for tenants.
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