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Wednesday, February 04, 2015

RLA argue against rent controls

The Residential Landlord Association believe 3 out 5 landlords would leave the industry if rent controls were implemented on the Private Rented Sector.

The RLA Chairman, Alan Ward, warned 

“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.”

The RLA Chairman defended the performance of the Private Rented Sector by referencing the most recent English Housing Survey. 

The survey's data showed up the contrast in performance, with the supposedly rent controlled social rented sector,  recording a  25% increase in average rent between 2008/09 and 2012/13, whereas Private Rented Sector rents over the same period rose by just 6.5%. 

“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.” concluded Mr Ward.

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