Labour pushes rent certainty
The Labour Party has dusted down its proposal to link rent increases to inflation, claiming Fine Gael can no longer ignore the policy.
While in government, the party failed to introduce rent certainty after a furious row between former environment minister Alan Kelly and Finance Minister Michael Noonan.
However, their housing spokesperson Jan O'Sullivan has now introduced similar legislation aimed at stabilising the market. She said that action is needed quickly after the recent reports which indicated rents across the country rose by 11.7pc, year-on-year, in the third quarter.
"The Labour Party Bill would link rent to the consumer price index to ensure that rent increases remain affordable and related directly to the general cost of living," Ms O'Sullivan said.
"It also moves to further protect renters by prohibiting landlords from using the sale of the property as grounds for evicting tenants before their lease is up.
"There is considerable evidence that many of these homes remain vacant for years after being put up for sale."
Housing Minister Simon Coveney is due to launch his own plan in the coming weeks.