Laws to shut a loophole that enables landlords to evict tenants after six years with out purpose will likely be authorized by cupboard this week, the housing minister has mentioned.
“We’ve seen over the previous couple of months, rents persevering with to extend,” he mentioned. “Truly at cupboard this Thursday I’ll be bringing an extra piece of laws ahead to deliver an absolute cap on rents, [it will be linked to consumer prices] HICP or 2 per cent, whichever is decrease,” he mentioned. The minister referred to as the transfer a “vital change”.
Harmonised index of client costs (HICP) is used to measure inflation throughout the EU.