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TODAY'S OTHER NEWS

Revealed - where rental stock has plummeted 22% in one year

London as a whole has seen rental stock plummet by 22 per cent in just one year according to a market snapshot by the listings website Home.

And the site claims that as a result of diminished stock, 10 boroughs in the capital have seen rent increases of 10 per cent or more in 2019.

“Scarcity is driving rents up at a most alarming rate in a growing number of London boroughs” it says, noting that “top of the list is Wandsworth where tenants need to fork out nearly 20 per cent more per month than a year ago.”

The website says rent increases are also accelerating in the wider south east as the trend pushes out from the capital - across the SE as a whole, rents rose 6.2 per cent this year “and we expect this trend to continue in 2020.”

It says rents across the UK are up 7.6 per cent on average overall - but it cautions that this figure is skewed by the effects of London.

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    Is anyone making a connection between the first two articles in this newsletter, viz ; Calls to adopt Labour draconian Housing policies, and abolishing Section 21
    and the Reduction in Housing supply ???
    Hellooo Govt - MHCLG
    Gen Rent - who's side are you you on, ? because your not helping Tenants !

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