‘Biggest rip-off of renters in a generation’ – State’s largest landlord says new rent rules could boost its income by 25pc
New rules coming into force on Sunday will allow landlords to set rents at market rates for tenancies signed from that date. Landlords will be restricted on existing tenancies to rent rises of 2pc or the inflation rate, whichever is the lower. In a presentation to investors, Ires Reit said the rental changes could lead to a “plus 25pc potential rental income uplift with minimal added costs”. This sends a shiver down the spine of every renter right across the landIt is understood around 10pc of Ires Reit’s housing stock changes tenancies on an annual basis. These new tenancies can have rents set at market rates, which is likely to be beyond the 2pc cap.
Source: Irish Independent February 26, 2026 06:08 UTC
