Coveney plans move to limit rent hikes across Dublin and Cork

All rent prices in Cork and Dublin will be effectively frozen for the next three years as part of drastic new ‘rent pressure zone’ emergency measures aimed at tackling the surging rental market.

Housing Minister Simon Coveney is set to announce the move targeting Ireland’s two largest cities today as part of long-awaited attempts to address the rental crisis in the urban heartlands.

Under plans due to be signed-off on by Cabinet this morning and to become law before Christmas, the Government will state that Cork and Dublin’s rental price rises are not sustainable and must be addressed due to the country’s growing homelessness crisis.