Rent rise caps for Cobh electoral region

The Cobh local electoral area has been officially designated as a national rent pressure zone (RPZ) to tackle rising rents.

According to the latest rent index report by the Residential Tenancies Board, the average rent in the area is €1,040.51, compared to the national average of €986.50.

The RPZ designation, as implemented by new legislation, means rents will only be able to rise according to a specific formula and by a maximum of 4% per year.