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CTU economist: Rent control must be paired with drive to build more housing

Author
Newstalk ZB,
Publish Date
Mon, 3 Jul 2023, 5:13PM
 Photo / Alex Burton
Photo / Alex Burton

CTU economist: Rent control must be paired with drive to build more housing

Author
Newstalk ZB,
Publish Date
Mon, 3 Jul 2023, 5:13PM

An economist says rent controls could be a successful short-term solution for cooling an overheating rental market.

The Green Party is campaigning on introducing an annual three percent cap for rent increases, alongside a landlord register.

The Council of Trade Union's Craig Renney says it must be paired with a major drive to build housing.

"Any future price cap legislation becomes irrelevant, because people feel as if they're in control of their rental situation." 

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