OECD urges Ireland to rethink rent caps and landlord tax breaks

The OECD said the current system can discourage developers, 'making the supply of housing less responsive to changes in demand'.

A new OECD report has suggested an alternative to the rent pressure zone (RPZ) system which would allow landlords to hike rents as they see fit when a tenant leaves a property.

However, some security should still be offered to renters during the lifetime of the new tenancy, the organisation said.