Q&A - Rent pressure zones: What do these changes mean?

Juno McEnroe answers the questions arising from the Government’s new strategy for the rental sector.

How will these new rent restrictions help tenants and when will they take effect?

Tenants in all of Dublin and Cork City will now be living in “rent pressure zones”, where rates can only be increased by a maximum 4% per annum for three years up until 2019. The effective rent cap will, stop surging rates being applied in the two areas but keep landlords and investors in the market by giving them nominal increases, says the Government.