Property News · March 4, 2016

London housing: conflict and consensus about landlords and rents


A new report on regulating the capital’s growing rental market reveals entrenched political divisions but maybe there is common ground out there Private renting and private rents excite fierce passions in London. It’s not hard to see why: rents are high and rising, too many landlords are amateurs or crooks and loads of tenants would sooner not be in the sector at all. But proposals for more regulation of the private rented sector (PRS) produce strong reactions too: it will hurt the wrong people, it will shrink the market, it will make us like Venezuela. And so on.This polarisation was evident when the London Assembly’s housing committee gathered material for its investigation into the PRS last year. Expert guests gave evidence, research findings were assessed and the politicians then failed to reach full agreement about measures such as restricting rent rises and providing longer tenancies would achieve. It is no big surprise that the committee’s two Conservatives have declined to support the resulting report. Continue reading…

Source : theguardian.com
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