The IPOA urges the Government to conduct a comprehensive review of tenancies of unlimited duration alongside the RPZ review to ensure a balanced and fair rental market
The Irish Property Owners Association (IPOA) has welcomed Taoiseach Micheál Martin’s promise to abolish Rent Pressure Zones (RPZs) prior to their expiry at the end of 2025, noting this will deliver on the Government’s commitment outlined in the Programme for Government 2025 to review RPZ legislation.
The IPOA highlights that current rental market regulations have contributed to inefficiencies that adversely impact the supply of rental housing and the ability of landlords to operate in the rental market. An extension of this review to tenancies of unlimited duration would be further welcomed, to allow for a comprehensive review of the rental market.
By rebalancing rights and ensuring that both RPZs and tenancies of unlimited duration are scrutinised, the Government can create a more dynamic and transparent market environment that supports investment, improves housing accessibility, and ultimately delivers better outcomes for consumers.
Mary Conway, Chairperson of the IPOA said: “We have long advocated for a rational, balanced approach to Ireland’s rental market, including the abolishment of RPZs in recognition of the damage they have done to the rental market and their role in driving landlords out.
Today we welcome the Government’s acknowledgement that RPZs are no longer fit for purpose. This is a step in the right direction towards restoring balance in the rental market and addressing long-standing inefficiencies. We look forward to engaging with the Government as they review RPZs and consider alternative, efficient regulatory systems that will make the rental market fairer for landlords and tenants.”