Minister calls for cap on housing rents

The price of rented accommodation should be capped in line with the cost of living as part of a system to regulate the rental market, according to Housing Minister Jan O’Sullivan.

The Labour minister said there was a need for an organised private rental sector similar to ones which operate in France, Germany and other European states.

The junior minister said there was still a problem in Ireland with the buy-to-let sector where people just bought a property and rented it out without much consideration.