Thomas Gould (Cork North-Central, Sinn Fein)

Just to go back to the ESRI and page 4 of its report which states that rent control measures have clear benefits for existing tenants but there are unintended consequences of the RPZs. The report points out that policymakers will face a trade-off between protecting current tenants, affordability and increasing supply. Correct me if I am wrong but if an investment company or developer brings new accommodation on stream, the first rent charged is not covered by rent controls, so that rent could be anything. How would that have a negative effect on supply when we are talking about new projects and new rents?