A new bill has to regulate rent in Malé been proposed in Parliament by Independent MP Mohamed Nasheed, reports Miadhu.
Nasheed said the bill aims not to control rent, but to set certain standards for the real estate business.
Nasheed noted that in a time when human rights have become key in policy-making, this bill would protect the rights of both owners and tenants. The bill would also form a tribunal to arbitrate rent cases.
Most of the MPs supported the bill, which could help with overcrowding in Malé. But it was proposed that the bill also include rented offices and businesses, so it will not reduce the cost of goods and services.
Dhivehi Rayyithunge Party (DRP) leader Ahmed Thasmeen Ali said the bill could potentially harm the real estate industry.
He said the government should not intervene, because fewer people would enter the market and fewer would construct new homes.
Maldivian Democratic Party (MDP) MP Ahmed Hamza also said introducing the bill at this moment could hinder construction business, adding that the bill would present challenges to the free-market.