“You need to get real,’ Pearse Doherty Challenges Leo Varadkar on Housing July 1, 2021 Unipro2013main Irish News, Politics </p> <h2>Sinn Féin’s Pearse Doherty challenged Leo Varadkar on Housing</h2> <p> It comes as new laws linking rent increases to inflation will be in place within a week, according to the Minister for Housing.<br /> <br /> Cabinet has approved the new rules which will replace the current annual 4% increase allowed under Rent Pressure Zone (RPZ) legislation.<br /> <br /> Moving forward, RPZ increases can be no higher than the general inflation recorded in the Harmonised Index of Consumer Prices (HICP) – which currently stands at just under 2%.<br /> <br /> On Newstalk Breakfast this morning, Housing Minister Darragh O’Brien said permitted increases would have been lower in previous years.<br /> <br /> “If you look at inflation over the last three years, that averages around 0.73% per annum – so just under one-quarter of 1%,” he said.<br /> <br /> “So, instead of a 4% increase that some tenants would have borne because that was the maximum – the maximum over the last three years would have been under 1%.<br /> <br /> “Now, currently, inflation is running a bit higher than that but we are still looking at about 1.9%”<br /> <br /> Credit to : NewsTalk</p> <p> Please support our Sponsors here :
