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Greystones LEA misses out on rent cap by just 0.2%

Social Democrat Cllr Jennifer Whitmore has criticised the Government’s piecemeal approach to the implementation of the rent cap, saying that it will put tenants in the Greystones Local Electoral Area (LEA) at risk of significant rental increases in the coming months.

Whitmore said “Under the Government’s scheme, a rent cap of 4% has been put in place where rental increases of 7% or more were seen in 4 of the previous 6 quarters. Both the Bray and Wicklow LEAs qualified as rent pressure zones under this criteria.

However, Greystones LEA missed out on meeting the target by just 0.2% in one quarter period. As a result, it will take at least 6 months before it can be considered for a cap again, regardless of the level of rent increases it experiences. 

What’s even more disconcerting is the fact that Residential Tenancies Board, the body tasked with implementing this scheme, has already admitted to the Social Democrats that there is under-reporting of rent increases by landlords. This means that the data upon which the scheme is based is incorrect.

Whitmore said “I have already been contacted by constituents who have seen an increase in rental prices and are very fearful that they no longer will be able to afford their homes. It is my belief that all tenants should be protected equally, regardless of geography.  However, tenants of the Greystones LEA have been left hanging out to dry by this Government decision.

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