It is now cheaper to pay a mortgage than to rent a property in all areas of Ireland. Average rents across the country have risen by 1.5% since the start of the year. In Dublin, rents have increased 6.8% since January.
With demand still outstripping supply, tenants’ support groups have successfully lobbied for further reforms to the Residential Tenancies Act of 2004 to provide tenants with greater security of tenure.
The Residential Tenancies (Amendment) Bill, 2018 (the Bill) seeks to answer these calls by making the following key changes:
For the Landlord
For the Tenant
Calls for a public database of dwelling specific rent information to encourage compliance with rent pressure zone restrictions have not made the final cut.
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