City Hall wants controls to reduce soaring private rents across the city
A Stormont department has told Belfast Council that no measures can be made regarding rent controls while the Executive and Assembly are suspended.
The council also agreed to “support local community organisations and advocacy groups in their efforts to campaign for the introduction of rent controls and to ensure that the voices of renters and those affected by the housing affordability crisis were heard.” It adds: “Section 7 of the Private Tenancies Act 2022 placed a duty on the department to research and consult on the implications of a rent freeze or rent decrease and to lay a report before the assembly.
“The report comments that freezing and reducing rents to protect those in the lowest incomes is a very unpredictable and inefficient policy tool. The report goes on to say that overall a rent freeze or reduction would largely benefit existing tenants who remain in their homes and whose landlords do not sell or repurpose their properties.
“Some of these properties may be sold to landlords, keeping the property within the sector, however, some landlords may seek to withdraw and provide the property on the short-term holiday let / AirBnB market, where they are able to attract substantially higher rents.”
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