Rent Pressure Zones needed for two more years before new controls ready, says chair of housing body

John O'Connor, chair of the Housing Commission, stated that Rent Pressure Zones (RPZs) will remain in effect for at least another two years while a new rent control system is designed. He warned against making abrupt changes to the existing system, highlighting the need for careful analysis to avoid unintended consequences. The commission's goal is to develop a more effective approach that can genuinely address housing affordability without causing market instability, emphasizing the importance of a well-thought-out strategy rather than a quick fix.

Housing Commission chair John O'Connor acknowledged the issues surrounding Rent Pressure Zones (RPZs) and stressed that changing them requires careful consideration and time.

O'Connor emphasized the need for a measured approach to reforming rent controls, stating that quick changes could lead to unintended consequences.

Read at Independent