We have rent controls, so why aren't rents falling faster?

Landlords imaginative when it comes to reductions – but at no small cost to tenants

‘A simpler solution would be to cut the rent. But this is where the controls are again working against tenants.’ File photograph: Getty

‘A simpler solution would be to cut the rent. But this is where the controls are again working against tenants.’ File photograph: Getty

Introduced back in December 2016, rent controls were supposed to temper an overheating rental market. The controls mean that landlords of properties in so-called rent pressure zones – which includes all of Dublin and much of the rest of the country – cannot increase rents by more than 4 per cent a year.

But while their impact since then has been significant, it hasn’t always been for the benefit of tenants.

The Irish Times
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