Ireland to link home rents to inflation

Dublin

IRELAND plans to bring in legislation linking residential rents to the rate of inflation, in a bid to curb soaring rental costs, TheSunday Times reported.

Ireland's housing shortage has become a big political issue ahead of elections due in the next six months While the Irish economy is forecast to be the fastest-growing in Europe for the second year running in 2015, house building is at levels last seen in the early 1970s, after a property crash wrecked the construction sector. Rents jumped by 7 per cent in the year to Ju…