Proposed legislation that would cap private rent increases will be brought to Cabinet tomorrow, Housing Minister Darragh O’Brien said.
The legislation would cap increases at 2pc or the level of inflation as measured by the harmonised index of consumer prices, which ever is lower.
Mr O’Brien was speaking in Dublin at the launch of a new campaign to raise awareness of tenants’ rights.
The 'Own Your Rights 'campaign, by housing charity Threshold, is intended to highlight the support that exists for private renters amid the broader housing crisis.
The charity is hoping to reach a range of vulnerable renters, including students and new immigrant communities.
“Obviously right now, and we’ve seen it over the last few months in particular, we’ve seen rents continue to increase,” Mr O’Brien said.
He described the proposed legislation as a “significant change, a significant move” by the Government.
The Department of Housing is backing the campaign by Threshold, and Mr O’Brien said it was a hugely important issue. “It is so important people know what their entitlements are,” he said.