As housing is a major concern in the country and options are running out for the younger generation, the FCCC is doing a market sectorial study focusing on the areas of home ownership and rent freeze currently in place.
While responding to questions on fijivllage Straight Talk with Vijay Narayan, FCCC CEO Joel Abraham says they are looking at issues that may hinder competition.
He says these may be issues of exorbitant prices, substandard building materials, transfer pricing or collusive practices between the valuer, builder and the banker.
He says they are also proposing replacing the current rent freeze with a rent stabilization policy, which will allow rent increases to be indexed to CPR.
Abraham says whatever the portion of inflation is, there must be some adjustments because landlords and owners also need to be adequately compensated for changes in cost.
He says otherwise, we will have buildings that are not well kept and have public health issues.
The CEO adds they do not want to compromise the living standards as well.
You can watch the full Straight Talk interview on our website, fijivillage.
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