Oireachtas Joint and Select Committees

Tuesday, 29 November 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Recent Trends in the Private Rental Sector: Residential Tenancies Board

Mr. Tom Dunne:

That is a little more complex than it might appear. Broadly, we can see that the rent of tenants who are paying rent in RPZs is going up in line with the RPZ requirements and the rents are lower than they would be if they were left to the market. The oft-quoted headline rents are essentially new rents. They are rents for properties that have come on the market as new properties. There will be a difference as new property is generally in better condition and in slightly better order than existing properties. As a result of that, we are getting two different rent levels. I do not remember exactly what the level is. Was it approximately a 25% increase in rents generally and RPZ would be-----