Monday December 9, 2019

Will the government’s rent control plan work?

The introduction of rent control could be a doubled-edged sword and does not tackle the underlying problem of the shortage of housing stock

7th June, 2015
6
Kevin Nowlan, chief executive of Hibernia Reit: regulation must be ‘carefully applied’

By any measure, the numbers are astounding. Since 2011, Dublin rents have risen by 35 per cent. One in five Irish people now live in rented accommodation, more in urban areas – a doubling of the total between 2006 and 2011.

Meanwhile, house completions have fallen from 93,419 in 2006 to 8,301 in 2013. More people are trying to squeeze into less space, and the effect on how much they have to pay to live there is clear.

“Rents have risen rapidly and...

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