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Housing expert labels rent con...

National

Housing expert labels rent controls as 'terrible idea'

RedFM News
RedFM News

12:06 10 Aug 2022


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Rent controls are not working, according to a housing expert.

It comes as the latest Daft report shows rents nationwide increased by 12.6% in the 12 months to June, despite laws not permitting increases above 2% in some areas.

Renting a home now costs around €1,600 per month on average around the country.

Founder of online application dot com, Karl Deeter, says it's a further sign of failing rent control measures:

"People coming into the market for the first time, they go for the maximum price because whatever you get in day one sets the price. Rent controls are just a terrible idea in so many ways and if you look at places with the highest rents, they're also the places that tend to have rent controls."


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