Rent Cap Plans Could Be Scrapped Today
Plans for a cap on rent increases could be scrapped this afternoon - just two days after being published.
It's understood the plan will be abandoned unless Fianna Fáil agrees to set the cap at 4%.
Fine Gael says it won’t back down from its plan for a 4% cap on rent increases in designated pressure zones like Cork and Dublin. It says if the cap goes any lower, landlords will be scared off.
But Fianna Fáil says 4% is too high - and has arranged a Dáil vote for this afternoon, on lowering it to 2%.
And last night Enda Kenny - told Fine Gael TDs that unless the cap stays at 4%, the plan will be scrapped entirely.
One possible compromise is that the 4% limit could remain - in exchange for an agreement to extend the rent caps to Galway, Limerick and Waterford.
Speaking on the Neil Prendeville Show on Cork's RedFM Housing Minister Simon Coveney says there is scope to extend pressure zones to other areas in the future:
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