Economists tell government – rental reform will backfire

Economists tell government – rental reform will backfire


Todays other news
Figures come from UK Finance, the lenders' trade body...
"We have supported the Renters Rights Act from the beginning"...
The move comes against a backdrop of diverging performance in...
The partnership is set to continue into the future...
The Renters Rights Act has changed the approach to selling...
How Landlords Can Escape Financial Stress


A prominent group of economists has predicted the measures in the Renters Reform Bill will backfire on the government.

Matthew Lesh, Director of Public Policy and Communications at the Institute of Economic Affairs, says: “Making it harder to evict residents is only likely to make it harder to rent. 

“Landlords will inevitably be more selective about who they offer properties to and charge higher rents when they cannot quickly evict bad tenants. That is likely to disproportionately hurt those who are poorer, younger, and from minority communities.

“Anti-landlord measures, including tax changes, and higher interest rates, are already contributing to many withdrawing properties from the market. 

“New eviction rules and burdensome regulatory standards will only worsen the rental property shortage and record-high rents.

“The housing crisis won’t be solved by fiddling with rental rules. Britain needs fundamental planning reform to allow more homes to be built where people want to live – anything else will continue to see renters offered poorer quality homes at too high prices.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
But the latest data indicates that the rate of growth...
Industry welcomes Gove as new Housing Secretary
Even many tenants are unaware of the Act's provisions...
New consultation aims to “root out rogue agents” says RICS
The survey measures agents’ sentiment across areas like demand, new...
Private rental property conditions and enforcement slammed by MPs
King’s Speech to contain leasehold and building safety measures...
LRG - the former Leaders Romans Group - is issuing...
The sheet must be given to tenants by May 31...
And on top of those three, there are further reforms...
Recommended for you
Latest Features
Figures come from UK Finance, the lenders' trade body...
"We have supported the Renters Rights Act from the beginning"...
The move comes against a backdrop of diverging performance in...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.