Friday, 2 January 2015

Calls for rent control

A poll commissioned for the campaigning organisation Generation Rent shows about 60% of respondents back some form of rent control, including most members of all the main parties and non-renters. Unlike landlords in most Western European countries, in the U.K. there are minimal controls and rising rents now account for 40% of the income of renters. A European calibrated style system in which landlords set initial rents but cannot increase them arbitrarily is suggested as a starting point, but is not regarded as a complete solution in areas where more housing is needed. A separate report into private rents by Civitas, also concludes that some form of capping is needed to calm the sector.

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