‘Large number’ of rental properties recorded price rises beyond caps

Landlords increasingly using rent caps as ‘a reference point or anchor point for pricing decisions,’ according to ESRI report

Rents increased nationally by 8.3 per cent year-on-year to €1,397 in the third quarter of 2021, according to the most recent rent index report by the Residential Tenancies Board. Picture: Getty

A “large number” of rental properties in Ireland recorded price increases beyond caps that were imposed to curtail rent inflation, a leading think tank has found.

A new report published by the Economic and Social Research Institute (ESRI) has also said that landlords are now increasingly using rent caps as “a reference point or anchor point for pricing decisions”.

Rent Pressure Zone (RPZ) measures, when first introduced in 2016, restricted landlords to increasing the rent ...