Country's soaring rents show government's rent caps not working, says Eoin Ó Broin

Mr Ó’Brien said the figures show that while a rent cap of 4% may have been in place in rental pressure zones (RPZ) the reality is that rents are increasing at a much higher rate than that.

Sinn Féin housing spokesperson Eoin Ó Broin has said rent regulations in place since 2017 are simply “not working” and there are too many loopholes in place to prevent rents from soaring higher.

He was speaking to RTÉ News at 1 after a new report from the Residential Tenancies Board (RTB) showed that rents across the country had risen on average by 7% in Q2 of 2021 as the country gradually emerged from the third Covid lockdown.