Namibia: Rent Control Could Lead to Urban Decay

With rent control one of the options on the table by government to solve the high rental prices in the country, experts are of the opinion that it may actually exacerbate the situation. Housing gurus weighing in on the matter are of the opinion that rent control could lead to urban decay and even a decline in housing investment.

According to Namene Kalili, Senior Manager for Research and Development at FNB Namibia, rent control is not a viable solution because the housing crisis is a supply side problem while rent control is a demand side intervention.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.