Ireland will not need to extend a temporary residential rent freeze beyond the coronavirus crisis, Acting Prime Minister Leo Varadkar was quoted ...
FILE PHOTO: Ireland's Prime Minister Taoiseach Leo Varadkar speaks during a news conference on the ongoing situation with the coronavirus disease at Government Buildings in Dublin, Ireland March 24, 2020. Steve Humphreys/Pool via REUTERSDUBLIN: Ireland will not need to extend a temporary residential rent freeze beyond the coronavirus crisis, Acting Prime Minister Leo Varadkar was quoted as saying on Sunday , amid calls from some parties for more permanent rent caps.
The nationalist Sinn Fein party, which won the most votes in the election, campaigned on a promise to impose a two-year rent freeze. Neither Fine Gael or Fianna Fail committed to such a measure but were under pressure to do so before restrictions to slow the spread of the virus hammered the economy. Varadkar said extending the rent freeze would be unnecessary because he anticipates rents are going to fall."At least initially, we are looking at higher unemployment and reduced incomes this year. Probably reduced inward migration as well," Varadkar told the Sunday Independent newspaper in an interview.
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