A group representing landlords expressed support for the Taoiseach's suggestion to examine significant reforms to rent pressure zones. The Irish Property Owners' Association (IPOA) believes the current system, which limits rent increases, is unsustainable and discourages investment in the rental market. They advocate for a 'reference-pricing mechanism' to replace the zones, arguing that increasing supply is key to addressing the housing crisis.
A group representing landlords have said they “welcome” the Taoiseach’s hint that rent pressure zones might undergo significant reform.
"Can we develop an alternative system which protects renters but also enables people to have a clear stable environment in which to invest?" he said.Since 2016, landlords in rent pressure zones have been banned from increasing rents above the rate of inflation or 2% - whichever is lower., Mary Conway of the Irish Property Owners’ Association said rent pressure zones were only meant to be temporary.
“Really, the problem is about supply and demand; there’s very little supply out there and how can the supply be increased?”Ms Conway said the State should do more to encourage people to become landlords.“I think a better supply of rents would be more fair to everyone.”, she added that many property owners believe the current system does not offer them enough financial reward.
RENT PRESSURE ZONES LANDLORDS HOUSING REFORM REFERENCE PRICING SUPPLY AND DEMAND
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