Government think-tank calls for rent regulation and security

The government think-tank NESC is warning that job creation and competitiveness in Ireland is under threat if residential rents are not regulated.

The National Economic and Social Council said tenants need rent certainty, and security of tenure.

Government think-tank calls for rent regulation and security

The Council said that reforming the sector must focus on a number of key elements - including tax relief for landlords who provide secure occupancy.

"We need to move to a system of what we call secure occupancy - that is, a situation where a household can make a home and stay in it in rental accommodation," said Rory O'Donnell, Director of the NESC.

"For that, we need to learn a bit from our European neighbours, [and] have greater rent certainty through a system of market-sensitive rent regulation."

Currently, tenants can have security of tenure on rolling four-year cycles except under specific criteria, such as the landlord wishing to sell the home or using it for himself or family members. However, such tenancy agreements do not regulate rent, which can rise in line with the market.

O'Donnell said that in order for rental accommodation to be considered a long-term option, both security of tenure and "predictable" increases in rent were required.


More in this Section

Pat Finucane’s widow ‘frustrated’ after Julian Smith meeting postponedPat Finucane’s widow ‘frustrated’ after Julian Smith meeting postponed

People of Drogheda to march against criminality and violence People of Drogheda to march against criminality and violence

McDonald: Sinn Féin will bring CervicalCheck screening services back to IrelandMcDonald: Sinn Féin will bring CervicalCheck screening services back to Ireland

Families of fishermen who died off Dunmore East settle High Court actionsFamilies of fishermen who died off Dunmore East settle High Court actions


Lifestyle

Kya deLongchamps turns the spotlight on countertop stars to look out for in the last throes of the January sales.Counter culture: Some star kitchen appliance buys

The model, presenter and musician chats to Lauren Taylor about how different it is having a newborn in her 40s.Myleene Klass on her post-baby body: ‘I’ve got two stone to lose but I won’t berate myself’

Paris haute couture fashion week concludes today, rounding off four action-packed days of catwalk shows in the French capital.Feminism to face tattoos: 7 Paris haute couture fashion week moments you might have missed

Originating in China, the deadly virus has similar symptoms to the flu.Coronavirus: What you need to know if you are baout to travel

More From The Irish Examiner