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Frozen rents and a change to office life

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Marie Hunt, of CBRE.

Marie Hunt, of CBRE.

Marie Hunt, of CBRE.

On the housing front, the crisis also made the seemingly impossible possible - the Government found 600 new beds for the homeless last week and on March 27 emergency legislation was signed into law with measures such as a three-month rent freeze and ban on evictions.

Bríd Smith, a People before Profit TD, remarked that the Government had undergone a "Damascene conversion", having opposed a previous bill on the matter on the grounds that it was unconstitutional. Taoiseach Leo Varadkar said that due to the Covid-19 crisis, "the common good" described in the Constitution "overrides property rights", but that a rent freeze in normal circumstances "would make things worse".

He cited examples of rent freezes being counter-productive in other jurisdictions like San Francisco because "landlords just sold up".