Poll finds that 3/5 landlords would leave the PRS if rent controls were introduced

Poll finds that 3/5 landlords would leave the PRS if rent controls were introduced

A poll of over 1,000 RLA members has found that three out of five landlords would leave, or consider leaving, the private rented market if rent controls were introduced.

The survey also found that over 75% of landlords either froze or cut their rents in 2014 and over 65% intend to do so again in 2015.

Speaking ahead of a debate on rent controls later today, Alan Ward, RLA chairman, said: “These results blow a hole through the myth that rent controls would be good for tenants.

“At a time when tenants need more choice over where they live, state-controlled rents would choke off supply, increase rents and reduce quality. It would be history repeating itself.”

Alan Ward will point to official figures showing that in the social rented sector, rent controls have seen rents massively outstrip inflation.

Mr Ward added: “The reality is that rent controls would leave many tenants paying more than they do at the moment.

“Rather than coming up with ideologically-driven ideas, proponents of rent controls need to address the root issues, namely the need to boost the supply of homes to rent.”

Let us know your thoughts below. How many of our landlord members would consider leaving the PRS if rent controls were introduced?

Read our other forum discussions about rent controls below;

Rent controls – Is anyone else tired of hearing about this, we have had rent control for 7 years: here

Six in 10 adults back rent controls: here

Hackney MP Diane Abbott Calls For Rent Controls: here

The Guardian promote Rent Controls / UK needs balanced media: here

Author: Media Team

Keeping you up to date with all the most important changes, all the most interesting gossip and all the big news in the Private Rented Sector.

Website: http://www.landlordreferencing.co.uk

Comments are disabled.