Residential Tenancies Board
HICP Index Table:- Complete table can be viewed on www.rtb.ie
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Your dwelling is not currently located in a Rent Pressure Zone. For an area to be designated it must meet the below criteria:
- The annual rate of rent inflation in the area must have been 7% or more in four of the last six quarter, and.
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The average rent for tenancies registered with the Residential Tenancies Board in the previous quarter must be
above the average national rent in the quarter (the National Indicative Rent in the RTB’s Rent Index Report).
Please see information on rent reviews outside a rent pressure zone here
Information
The RTB is required by law to establish and maintain a RPZ calculator and publish a table of HICP values to assist both landlords and tenants understand how to lawfully set rents in a RPZ. The calculator will identify the percentage difference (if any) between the HICP value on the date the rent was previously set and the HICP value that applies on the date the new rent is set.
Any rent increase in a RPZ is prohibited from exceeding general inflation (as recorded by the HICP inflation rate) and cannot increase by more than 2% per annum pro rata, where HICP inflation is higher. Rent may not be set above any permissible increase set out on the RPZ calculator.
The cap of 2% per annum pro rata will result in lower rent increases in RPZs during times of high inflation. The calculator may indicate that no rent increase is allowed.
There is no legal requirement on a landlord to increase the current rent amount. There is no legal obstacle to a landlord reducing the current rent amount.