Saturday 21 January 2017

Government divisions add to the rental crisis

Published 26/10/2015 | 02:30

No reasonable person is going to put money into something when there are too many unknown factors
No reasonable person is going to put money into something when there are too many unknown factors

Investors have good reason to fear uncertainty. No reasonable person is going to put money into something when there are too many unknown factors. The see-saw history of the Irish property market has taught many bitter lessons.

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And now a new cause of instability is adding to a growing housing crisis in Ireland.

The Environment Minister, Alan Kelly, has promised some form of curb on rising rents as long ago as March 1 last at the Labour Party national conference in Killarney. Eight months later that promise remains unfulfilled.

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