Ivana Bacik (Dublin Bay South, Labour)
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304. To ask the Minister for Housing, Planning, and Local Government his plans to extend rent pressure zones in Waterford. [56738/22]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Planning and Development (Housing) and Residential Tenancies Act 2016 introduced the Rent Predictability Measure to moderate rent increases in those parts of the country where rents are highest and rising fastest. The Residential Tenancies (No. 2) Act 2021 introduced measures in July 2021 to extend the operation of Rent Pressure Zones (RPZs) until the end of 2024.

Section 24A of the Residential Tenancies Acts 2004-2022 provides that the Housing Agency, in consultation with housing authorities, may make a proposal to me, as Minister, that an area should be considered as a RPZ. Following receipt of such a proposal, I, as Minister, request the Director of the Residential Tenancies Board (RTB) to conduct an assessment of the area to establish whether or not it meets the criteria for designation and to report to me on whether the area should be designated as a RPZ.

The criteria to be satisfied by an area under section 24A(4) of the Acts for designation as an RPZ are as follows:

- the information relating to the area, as determined by reference to the information used to compile each RTB Rent Index quarterly report, shows that the annual rate of increase in the average amount of rent for that area is more than 7% in each of at least 4 of the 6 quarters preceding the period immediately prior to the date of the Housing Agency's proposal, and

- the average rent for the area in the last quarter, as determined by reference to the information used to compile each RTB Rent Index quarterly report, is –

- in the case of counties Kildare, Meath and Wicklow or a local electoral area (LEA) in any one of those counties, above the average rent in the State, excluding rents in the 4 Dublin Local Authority areas, or

- in the case of any LEA outside of the Greater Dublin Area (i.e. Dublin, Kildare, Meath and Wicklow), above the average rent in the State excluding rents in the Greater Dublin Area.

Each RTB quarterly Rent Index Report includes a table of the data used to establish whether each LEA fulfils the criteria for designation as a RPZ.

There are 6 LEAs in Waterford, two of which Waterford City South and Waterford City East, were designated as RPZs on 2nd July 2019.

The Housing Agency and the RTB will continue to monitor national rents and if any further LEAs in county Waterford meets the designation criteria they will be designated as a RPZ.