The average rent is raising as first time lets are at the market rate and will increase the average.
If a landlord is raising the rent by more than 4% then go to the RTB. People want new accommodation available but they don't want to pay for it. They want to put a cap on rents. This will not attract investors to the sector.
If you want increased availability then get the State to provide it.
Legislation exists if landlords break the law. Use the legislation but make the legislation fairer to both landlords and tenants.
Have you ever considered why landlords, investors and developers are not increasing the supply to meet demand? it is because of how the State at a whim will change the goalposts.
Property development is a huge investment by the developer, property investment is a long term investment for landlords and institutional investors. With the constant changing of the "goal posts" none of the above will increase the housing stock until the State stops changing policy almost weekly at this point.
Investing in property is done so to make a profit nothing more nothing less.
It should work that way but it doesn't. My wife was telling me last night about her friends sister & children moving in with her sister. Mother works in a good job. Landlord told her house is being sold & she has to move out. She's in her sisters. Same house is up for rent for hundreds more. Yes she can report him but she's still in her sisters with nowhere to live & wherever she rents she'll pay the higher rent.
There are cases here on boards daily or weekly where the landlord has done something like this. If a rent isn't registered in the first place then how does the government know what the increase is?
It's all well & good saying that we have rules in place put there is no governing body with real teeth to investigate & punish rogue landlords. There are thousands of tenants paying top up rent in cash so the landlord can avoid the cap. Tenants do this because they don't want the trouble of flat hunting again with the possibility of having to crash on someones couch for weeks while hunting, only to end up paying as much in the new place as the old.
You have to understand there are two types of landlords. Good & bad. The bad tend to make a lot more than the good.
Ask anyone flat hunting or house hunting if they feel rents are only 4 percent higher than last year. Not people moving into new apartments as stated in other posts but people looking in regular Dublin rentals.
I made a mistake with Dublin's average rent increase in an earlier post. It's not 8 percent. It's actually 13.4 percent year on year in Dublin