‘Government should consider if rent pressure zones should be abolished’

Under current legislation, rent pressure zones are areas where rent increases are capped at a maximum of 2% a year or the rate of inflation, whichever is lower.

The Government should consider if rent pressure zones should be abolished, a draft copy of the rent sector review has said.

The review, which is not yet complete, also calls for a “periodic critical review” of the Residential Tenancies Board (RTB) to ensure that it is operating efficiently for tenants and landlords.