Over 30,002 Cork suburban homes to be 'rent capped'

Over 30,002 Cork suburban homes to be 'rent capped'

UP to 34,000 more houses in Cork City's suburbs are set to be covered by the 4% rent increase cap after a deal was struck between Fine Gael and Fianna Fáil yesterday.

After two days of uncertainty, Minister Simon Coveney managed to secure the passage of his rent strategy, largely unchanged, a major win that will help him on his path to the Fine Gael leadership.

While Fianna Fáil originally said that the 4% rate "wouldn't fly" and called for a 2% cap instead, they were only able to secure a commitment to expand the controversial 4% rate in the new year.

The Ballincollig-Carrigaline local electoral area will be one of the first to be examined, and is likely to be brought under the scheme in January or February, a month or two ahead of Mr Coveney's original plans.

Micheal Martin, Fianna Fáil leader, said that the legislation was not "a silver bullet" for Cork's housing crisis, but would provide certainty to renters.

"Towns such as Douglas, Ballincollig and Carrigaline will now be incorporated into the proposals."

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