A new report is warning against introducing rent controls to deal with problems in the private rental market.
The Private Residential Tenancies Board has found that the Dublin market in particular has large rent increases, as demand outstrips supply.
But, the board says rent controls would make the issue worse 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.
Anne Marie Caufield, Director of the PRTB, spoke to Newstalk Breakfast about the findings of the report:
Just last week, The Minister for the Environment said he would not be ruling out rent controls in the future.
Minister Alan Kelly told Newstalk Lunchtime that, despite reports to the contrary, he has never ruled out rent control and “it’s something that will be continuously looked at.”
Last month rental prices in Dublin were up 12.1 per cent on the same three month period last year. Outside Dublin the icnrase was a far calmer 3.2 per cent for apartments. The average rent for an apartment in Dublin is now €1,134, according to the Quarterly Rent Index of the Private Residential Tenancies Board.
Originally posted at 7:26am
