Plans for rent cap could be scrapped

Plans for rent cap could be scrapped

Plans for a cap on rent increases could be scrapped this afternoon, just two days after being published.

According to reports, Fine Gael is set to abandon the idea 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 Dublin and Cork. 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 straight away.

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