Economic and Social Research Institute not enthused by rent plans

The Economic and Social Research Institute is not “particularly enthusiastic” about the Government’s proposed rent controls. 

The ESRI says that it favours boosting housing supply, via an “aggressive” site tax to discourage landowners from sitting on land and to encourage them to build homes.

Unveiling its latest quarterly outlook, research professor, Kieran McQuinn, said the think tank has long been sceptical of incentives which the property bust had shown can be hard to remove.