Brendan Burgess
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Lorcan Sirr: This is a housing strategy written by Flann O’Brien
Renters such as students who have to move each year will get hammered by this provision, while other tenants are more likely to stay put
These changes are all driven by one overarching aim: a desperate desire to attract the international investment the Government thinks it needs to increase rental supply and help resolve the housing crisis. If new rental supply is triggered by rent inflation, our rising rent problem is apparently going to be solved by allowing rents to rise. Flann O’Brien is now writing housing strategy.
On Tuesday, Minister for Housing James Browne couldn’t say when rents would fall on foot of these changes, hardly a ringing endorsement of his own policy. (Hint, Minister: no realistic amount of new supply will reverse the https://www.rtb.ie/about-rtb/data-insights/data-hub/the-rtb-q4-2024-new-and-existing-tenancies-rent-indices (<u>100 per cent increase in rents</u>) in the last decade.)