In a joint statement, the Chambers argue that the amendments will only have a very limited impact on the evolution of rents as they send negative signals to investors and will likely increase rents in the long run. The amendments will thereby have the opposite rather than the desired effect, says the statement.
The Chambers believe that the government’s strategy might even lead to a loss of jobs in the sector if their predictions come true. They further express concerns over the high interest rates in the current economic context, which they say “considerably reduce the attractiveness of investment in new rental property”.
