Member

Too much control will frighten investors away, exactly as it did after the post-war controls were introduced. This is therefore a very sensitive and important issue: how rent reviews are going to be conducted and controlled. That word “control” is very bad news; we have to design something that will protect the needy but encourage the investors. We have to increase the supply, which is at the root of high rentals, and then, over time, equilibrium will arise, I hope, between supply and demand, and rents will flatten out and become a more reasonable percentage of income.