Housing minister imposes 'absolute cap' of 2% on rent increases

Darragh O'Brien says new legislation will cap rents to either 2% or the consumer price index, whichever is lower

Mr O'Brien said the legislation would be finalised before Christmas and would give certainty to 'tenants and landlords alike.

The Housing Minister will bring legislation to Cabinet on Thursday to reset caps on rent increases.

Darragh O'Brien said the caps would be either 2% or linked to the consumer price index, whichever is lower.