Oireachtas Joint and Select Committees

Tuesday, 21 February 2017

Joint Oireachtas Committee on Housing, Planning, Community and Local Government

Housing Rental Sector Strategy: Discussion

11:00 am

Mr. David Silke:

The Minister then had to refer those to the RTB to make a report on each of those areas. The RTB only uses its own data so it uses the rent index data which is, undoubtedly, the most accurate set of data available nationwide in respect of rents. It is the king of data in terms of what is available. The RTB has done a lot of work on its data to clean it, make sure it is accurate and to be able to drill down to the level at sufficient numbers to provide a definitive answer in respect of whether or not there is a rent pressure zone in an area. The RTB does not rely on other secondary data, which would be more market-based in nature. It relies on a more objective set of data based on rents. That is where that analysis comes from. It goes back to the Minister who does not have any discretion in respect of the decision. If the RTB indicates that an area is a rent pressure zone, it is automatically designated as such and if not, it is not designated. Following on from that, the Housing Agency has a role in terms of monitoring the rental market and looking at what impact rent pressure zone designation will have. We will following on with the next set of data as soon as it becomes available. That is a run-through of the process. I know it is very complicated.