The report argues the current RPZ system, which limits rent increases to inflation – or a maximum of 2 per cent, whichever is lower – should be replaced. Photograph: Gareth Fuller/PA
A full copy of the report obtained by The Irish Times argues that the current RPZ system, which limits rent increases to inflation – or a maximum of 2 per cent, whichever is lower – should be replaced. RPZs, it says, were introduced as a temporary measure eight years ago and now the “system of regulation needs to be made fit for purpose for the longer term”. The Cabinet this week agreed to extend the rules to the end of 2025.
The report also indicates that the recommendation split the commission, with three members – Ronan Lyons, Michael O’Flynn and Dermot O’Leary – arguing that there was a consensus in international research “in terms of the negative impact, in aggregate, of rent controls, especially quasi-permanent rent controls of the type proposed here”.
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