Public Consultation – A Review of the Rent Predictability Measure
Why are we launching a consultation ?
The Strategy for the Rental Sector, published on 13 December 2016, recognises that high and rapidly rising rents is the most significant and immediate threat to the accommodation security of many households. For this reason the Government introduced the Rent Predictability Measure and established the system of Rent Pressure Zones to moderate the rise in rents in the parts of the country where rents are highest and rising. In these areas, for a period of up to three years, rents will only be able to rise by a maximum of 4%. The practical effect of the measure is that for the next three years rents for more than 186,000 households who currently rent their homes in these areas, will be lower than they would have been if market rents had continued to apply.
The Minister has committed to a review of the Rent Predictability Measure in June 2017. The measure has now been in place for 6 months and rent price data is available from the Residential Tenancies Board’s Rent Index Report for Quarter 1 of 2017. Using this data, it will be possible to ascertain the effectiveness of the Rent Predictability Measure and whether any changes need to be made.
Work has started on the review of the measure, but this needs to be informed by the views and suggestions of a wide range of groups and individuals who are involved in implementing and are affected by the measure. To gather these views, a public consultation process on the effectiveness and impact of the measure is now being launched. The submissions received from the consultation will be considered in the context of the review.
How to get involved
The Department is inviting any interested parties to make written submissions to help inform the review of the Rent Predictability Measure and the system of Rent Pressure Zones. Those making submissions may use the consultation document provided at the link below. Additional information or documentation that you think may be useful, can also be submitted.
Submissions can be made in two ways;
- by email to firstname.lastname@example.org
- by post to:
Rent Predictability Measure Review – Consultation Process
Rental Market & AHB Regulation Section
Department of Housing, Planning, Community and Local Government
Submissions should be made by 30 June 2017.
Terms and Conditions
All submissions received will be subject to the provisions of the Freedom of Information Act. Submissions are also subject to Data Protection legislation
What we will do with your comments
Please note that all submissions received will be made available on the Department’s website unless otherwise requested. In any event, all submissions received will be subject to the provisions of the Freedom of Information Act and Data Protection legislation.