merrion street

Commenting on the latest index for Q2, Minister Murphy said:

We know that quarterly trends can be volatile, but they do continue to rise and this continues to be a challenge. People are paying too much in rent and this has to be better controlled.

This is why I will shortly be introducing new rent protection measures in to the Dail. I’ll also continue to pursue measures to see longer leases and tenant protections when properties are sold. And of course homesharing will be tackled in the very near future. All of these new measures will help us move closer to a more stable and more mature rental sector.

Some positive trends are developing though and these shouldn’t be ignored. Rents for existing tenants seem to be in line with RPZs. One in five tenancies are for longer than four years, and one in four new tenancies agreed in the last quarter was for longer than 12 months. All of this is pointing to greater stability for tenants but there is still a way to go.