ESRI: Unclear if a rent reference system 'could feasibly be implemented successfully'

Government is set to review the current Rent Pressure Zones system which could include their abolition

Kieran McQuinn, research professor at ERSI. The ESRI said a rent reference system would be complex for tenants and landlords around permitted rents and a regulator would need to assess compliance.

It is “not clear” a rent reference system would be a good option to replace the current Rent Pressure Zones (RPZs) or that it “could feasibly be implemented successfully” at present due to a number of complicating factors, the Economic and Social Research Institute (ESRI) has said.

This comes as the Government is set to review the current RPZ system which could include their abolition.