Rents in Ireland could rise as Taoiseach suggests review of price cap

Rents in Ireland could rise as Taoiseach suggests review of price cap

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Rents in Ireland could rise as Taoiseach suggests review of price cap
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The Irish government, led by Taoiseach Micheál Martin, is reviewing rent pressure zones (RPZs) that limit rental price increases. Martin emphasized the need for private sector investment in housing, as the state cannot meet construction targets alone. Economists like Ronan Lyons argue that rent controls worsen the housing crisis by reducing rental supply and quality. The Irish Property Owners Association supports reforming RPZs to restore balance in the rental market. Concerns remain about the impact on low-income renters as the government considers alternatives to RPZs.

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