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Gníomhaireacht Tithíochta

promoting sustainable communities

Minister Simon Conveney Annouces Maynooth and Cobh as Rent Pressure Zones

Minister Simon Conveney Annouces Maynooth and Cobh as Rent Pressure Zones
30 Mar 2017

The Housing Agency acknowledges Minister Coveney’s announcement of the designation of two additional local electoral areas as Rent Pressure Zones, following recommendations from the Agency. 

These are the local electoral areas of Cobh in Cork and Maynooth in Kildare. This brings to 14 the number of local electoral areas, along with all of Dublin and Cork City, which have been designated as rent pressure zones. It is importation to appreciate that it is two local electoral areas that are designated. 

The Cobh local electoral area covers areas to the east and north of Cork City. The Maynooth electoral area covers a large portion of north Kildare, including Clane. The remaining areas of north Kildare covering Leixlip and Celbridge were designated in January. 

At this stage, approximately 60% of all rental properties nationally are in designated rent pressure zones. This gives tenants in rental properties and landlords greater certainty and predictability in relation to the maximum annual rent increases permitted. 

It is important that we support a strong viable and attractive rental sector that delivers affordable and high quality accommodation for tenants and a secure environment for landlords.

John O’Connor, CEO of the Housing Agency said that:

“It is important to recognise the increasingly important role that the rental sector must play in the supply of quality accommodation. The Agency will continue to work to achieve a stable and high quality rental market across the country.”

 

Ends

 

For further information please contact:

communications@housingagency.ie

or Gearoid Rennicks at 085-8771386

 

Editors Notes

 

Please see links to relevant maps of new Rent Pressure Zone’s.