The article discusses opposition concerns about the government's new rent control proposals, highlighting potential 'huge loopholes' that could incentivize landlords to delay empty property listings until advantageous market conditions arise. A government review indicated that new rules may take four years to effectively lower rents, while global economic factors, like trade disputes and rising interest rates, could hinder investment in housing. The Housing Agency emphasized the need for reforms to encourage construction but noted further measures are necessary to attract investment in the rental market.
"It will take at least three to four years for this investment to result in more homes being built, but in the longer term any increased supply of rental properties should have a dampening effect on rising rents."
"Externally driven inflation could be triggered by an escalation of geopolitical tensions or renewed stress in global supply chains."
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