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Warning against rent controls

A new report is warning against the introduction of rent controls as a means of addressing problems...
TodayFM
TodayFM

6:11 AM - 23 Oct 2014



Warning against rent controls

News

Warning against rent controls

TodayFM
TodayFM

6:11 AM - 23 Oct 2014



A new report is warning against the introduction of rent controls as a means of addressing problems in the private rental sector.

The Private Residential Tenancies Board has found that the Dublin market in particular is characterised by a strong increase in rents, as demand outstrips supply.

But, the PRTB says rent controls would exacerbate the issue for tenants and could lead to tens of thousands of rented properties leaving the system.

Instead it recommends a cut in the tax burden on landlords and a code of conduct between lenders, landlords and tenants when buy-to-let mortgages fall into arrears.



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