Rent control unlikely to materialise

The Labour Party has confirmed that proposals by Environment Minister Alan Kelly for rent controls to be linked to the rate of inflation are unlikely to be introduced by the Government.

However, suggestions beefed-up regulations to protect tenants are instead being examined have prompted landlords to warn that investors will flee the Irish property market.

There is speculation the slimmed-down package may be agreed by next week, which will make it harder for landlords to raise rents and evict tenants. This could include new rules where landlords must supply proof from neighbouring leases on why rates should be increased. While Government sources refused to confirm the new package, the Irish Property Owners Association (IPOA) warned such a move would hit the housing supply.