Paris-based agency says population growth, past underinvestment and constrained supply have led to affordability challenges
Paris-based agency enters debate on rent controls while suggesting updated housing targets still too low
In its latest report on Ireland, the OECD said the Government should consider allowing landlords freely adjust rents when there are new residents in a property while maintaining controls during the tenancy. “Continued population growth, including inward migration, will raise demand for rental accommodation in big cities, increasing the need to maintain incentives to have an adequate supply of private rentals,” it said.
The OECD also warned that the Government’s updated housing targets were still not enough to meet the State’s overall housing need. The OECD devotes a significant portion of its latest survey on Ireland to housing, noting that strong demand driven by “population growth, past underinvestment and constrained supply” had led to affordability and viability challenges.
It also advocated imposing higher taxes on residential dwellings and land as way to reduce the State’s “home ownership bias” while “strengthening incentives to develop land and build”.
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