Property Industry Ireland Statement on the Residential Tenancies Bill

Property Industry Ireland (PII), the Ibec trade association representing the sector, has welcomed the Cabinet’s approval of the Residential Tenancies Bill.

David Howard, Director of PII, said:

"There is a strong recognition that a balance must be struck between strengthening tenants’ rights and encouraging greater investment in residential properties, which are chronically undersupplied at the moment. As CSO figures show, there was a 15.3% reduction in the number of apartment units granted planning permission for the four quarters to Q3 2025 compared to the same period to Q3 2024, largely driven by a fall-off in private sector investment for rental units.

Today's measures, which include allowing rents to be reset to market rates between tenancies, ensure that existing rent control measures- such as rental caps- are linked to the underlying tenancy rather than the property itself.

This shift will bring Ireland’s rent control policies into closer alignment with wider European standards. Ultimately, this will encourage international institutional capital to once again consider Ireland a viable location for residential investment, while simultaneously protecting affordability within existing tenancies."

Ends