Clare County Council welcomes designation of Ennis as Rent Pressure Zone
CLARE County Council has welcomed the designation of Ennis as a Residential Pressure Zone (RPZ).
The designation by the Minister for Housing, Darragh O'Brien, took effect on August 31.
According to the Residential Tenancies Board, which has published its Rent Index for the first quarter of this year, standardised average rents in County Clare and 15 other counties were above €1,000 between January and March.
The average monthly rent in County Clare was €1,073.99 - up from €920 in the same period last year.
It was €1,148.27 in the Ennis LEA, €1,130.04 in the Shannon LEA and €1,096.17 in the Killaloe LEA. The average monthly rents in the Ennistymon and Kilrush LEAs have not been published for statistical reasons.
Clare County Council has welcomed the designation of the Ennis LEA as a RPZ.
"As a designated RPZ, rent increases on private rental tenancies within the area are limited to a maximum of 2% per annum, and this applies to both existing tenancies and those being re-let on the market. There are some exemptions including properties new to market, properties that have not been let in the previous two years, and properties that have undergone a substantial change in the nature of accommodation. Existing tenancies within the RPZ are still subject to the existing 24-month certainty measure until the next rent review is due," commented a spokesperson.