Wednesday 22 November 2017

Only bombs destroy a city more quickly than rent controls

Sweden has the lowest number of people per household and in Stockholm rent controls discourage landlords from putting property on the market.
Sweden has the lowest number of people per household and in Stockholm rent controls discourage landlords from putting property on the market.

Lorraine Courtney

The Attorney General has cleared the way for temporary rent controls to stabilise the market and help those who have been hit with repeated increases.

It's thought that rent increases will be linked to inflation and Minister Alan Kelly is expected to seek Cabinet approval for the measures over the next few weeks.

If rental prices are going up, that only means that there is a scarcity of available homes to let. The only sensible way to tackle the issue is either to reduce demand or to increase supply, or both. Controlling rents would have the very opposite effect.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss