The Housing Agency was asked to undertake a review of the Rent Pressure Zone (RPZ) system. The Agency reviewed potential options for rent regulation in Ireland and whether they should be continued, adapted removed or replaced. The Housing Agency submitted its report to the Department of Housing, Local Government and Heritage at the end of April. It identified a preferred option of modifying the current RPZ system.
The review examined the introduction, operation, and evolution of RPZs within the wider context of rent regulation in Ireland and internationally. It involved engagement with a wide variety of stakeholders, including investors, representatives of landlord and tenant advocacy groups, academics and the Residential Tenancies Board.
The review found moderation of rents due to the existence of RPZs, however, tenants outside RPZs have faced higher rent increases. The review also noted international research on rent control which suggests that controlled rents deliver price reduction to sitting tenants but may lead to higher initial rents for new tenants. This may impact on tenant mobility and investment in maintenance and refurbishment by landlords.
Read the full report here - Review of Rent Pressure Zones Report
Final Report Appendices here - Report Appendices 1 - 6