RENT CONTROLS ARE A CATASTROPHE

WHEN WILL IRELAND ADMIT THAT RENT CONTROLS ARE A CATASTROPHE?

It is an objective statement of fact that for most of the last decade Ireland has pursued a dramatically left wing approach to housing. Our housing market is one of the most regulated in the world: Landlords are taxed on rents at 52%, or more. We introduced rent pressure zones which froze rents, and regulated rent increases. We dramatically extended tenancy notice periods, making it harder to end tenancies – if somebody rents your property for a year in Ireland, they must now get a minimum of 180days (six months) notice before the tenancy is ended. Virtually the whole country is now covered in “rent pressure zones” – areas where rent can only be increased at the rate of inflation. Virtually the entire of the regulatory scheme for renting is designed to favour tenants rights over landlords, who are now amongst the most regulated people in Ireland. more info>>>

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