Property News · July 22, 2019

London mayor seeks rent control powers, will clamp down on sky-high leases


Rent controls could be coming to London if the city’s mayor gets his way.Sadiq Khan wants to follow in the footsteps of Berlin and New York, in seeking to clamp down on inflation-busting rent increases, but lacks the power to impose the rules. Instead he is published a blueprint for how the government could hand down powers that would include giving renters open-ended tenancies and the ability to bring rents down.Cities around the world are grappling with an affordable housing crisis after a…

Source : South China Morning Post
Read more…London mayor seeks rent control powers, will clamp down on sky-high leases

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