- 16 Dec 16
After a day that saw the parties clash over Minister for Housing Simon Coveney's plan to place a 4% ceiling on rent hikes, a deal has finally been made.
Tempers flared in the Dáil on Thursday as discussion of the Housing Minister's proposed strategy to cap rent increases in 'rent pressure zones' at 4% annually was continually pushed towards the end of the day.
The proposal faced objection from Micheál Martin's party, who argued that the cap on rent increases should be lower and that the number of areas designated as pressure zones should be increased.
So far the cap will only apply to Dublin and Cork, but Coveney conceded that research will be undertaken to evaluate the eligibility of cities like Waterford, Limerick and Galway – and commuter belt areas like Meath, Kildare, Wicklow and Louth – to also be designated as pressure zones in the new year. There was, however, no concession to lowering the cap to 2% as proposed by Fianna Fáil housing spokesman, Barry Cowen.