UEPC attends the UIPI Property Day on the effectiveness of Rental Markets Download
Filiep Loosveldt represented UEPC at the UIPI Property Day in Brussels on the effectiveness of Rental Markets.
The key-note speaker was Peter Pontuch, from the European Commission, DG Economic and Financial Affairs who presented an Economic Paper assessing the impact of member states’ private residential sector regulation on house price dynamics. The study concludes that rent control measures tend to have an adverse effect on housing market dynamics, increasing the volatility of house prices when facing shocks to the fundamentals (such as shifts in population, household income, residential investment and interest rates).
The discussion then focused on recent changes that could jeopardise the positive reform of the rental market in Portugal, the ongoing move toward rent control in France and in Germany as well as their latent repercussions on the aggregate national housing markets, the overall real estate sector and the construction industry.