Government to oppose rent-cap bill over fears of 'cherry-picking' tenants
Cork North Central TD Mick Barry, the Bill’s proposer, said that 'one renter in three is now spending half or more of their household income on rent'. Picture: Damien Storan
The Government will oppose a People Before Profit bill to cap rents over fears it could lead to "cherry-picking" of tenants.
The Rent Reduction Bill 2023 would direct that new accommodations charge rent at a maximum rate of 25% of monthly median household income, and that already existing accommodations charge the new rate within 12 months of enactment.
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