From 4th June 2019, for the purposes of assessing whether an Local Electoral Area should be designated as a Rent Pressure Zone (RPZ) , there are now three standardised average rents that will be used.
The data from the RTB Rent Index, which is produced on a quarterly basis, underpins the analysis of areas for RPZ designation.
As well as the annual rate of rent inflation criteria, the standardised average rent used will depend on where the LEA is located.
- Dublin areas will remain comparable to the national standarised average rent.
- The 'Greater Dublin Area' (Kildare, Wicklow, Meath), excluding Dublin, will be compared to a new criteria which is the national standardised average rent excluding Dublin.
- The rest of the country - areas outside 'The Greater Dublin Area' and Dublin - will be compared to an 'outside GDA' standardised average rent.
Landlords should note that if their tenancy was already in existence at the point of the area being designated, they will remain in the 24 month rent certainty measures for the next rent review.