14.9 C
Sunday, October 24, 2021

‘One person’s rent is another person’s income’ – Varadkar rejects calls for rent freeze

Tánaiste Leo Varadkar has rejected calls from Sinn Féin spokesperson for Housing, Local Government and Heritage Eoin Ó Broin to implement a three year ban on rent increases.

Ó Broin asked Varadkar: “Will you urgently introduce a ban on rent increases for three years?”


Varadkar replied: “Landlords are leaving the rental market – and bear in mind most landlords, and I’m not one of them, only owns one property or two. 86% only own one property or two.’

“So, we need to balance that, too. One person’s rent is another person’s income. It might be their pension, it might be how they pay the mortgage.”

“In a time of rising prices and in a time of rising interest rates… if you freeze rents absolutely to zero, that could mean an income cut for another person, a pension cut for another person or another person unable to pay the mortgage on their property… causing more landlords to leave and fewer rental properties on the market.”


Varadkar went on to say that the only real way to bring rent prices down is to provide more supply.

IMAGE – PA Images


Two children die after drag racer crashes into spectators

Two children have been killed and eight other people have been injured after a drag racer collided with spectators after losing control...

WATCH: ‘Halloween night could potentially be super-spreader event’ – MLA

Alliance Party MLA Kellie Armstrong has warned that Halloween night has the potential to be a 'super-spreader' event.

Winter blackouts possible for family homes this year, energy sector warns

Ministers have been warned by the energy sector that winter blackouts for family homes are possible this year.

Gardaí are renewing an appeal to help identify human remains found on Wexford beach in 1995

Gardaí are renewing an appeal to help identify human remains found on Wexford beach in December 1995. On December...
broken clouds
14.9 ° C
15.4 °
13.5 °
77 %
56 %
13 °
11 °
16 °
15 °
13 °