A press release issued today by Irish Property's Owner's Association claims that rent control is not the solution to the problems currently facing the Private Rental Sector.

They claim that State intervention has caused the supply problems. Furthermore, they have stated that more investors are leaving the market than entering into it and that the supply of rental accommodation is being reduced all the time.

The IPOA have called on the Government to deal with the unfair tax treatment which is the source of the problem. According to them, the State needs to encourage supply not restrict it because rent certainty results in less investment in the sector.  

Chairman Stephen Faughnan  stated, "Rent certainty is not the answer, supply certainty is the answer, increasing supply is essential, and fair tax treatment is the only solution, the root of the problem needs to be addressed or the exodus of landlords from the sector will continue and both tenants and landlord will suffer.  The state needs to provide housing for its citizens and part of the solution is to ensure that the private rental market is sustainable in the long term."

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