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Tuesday, April 05, 2016

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Green Party pledge London rent controls

The Green Party mayoral candidate for London has pledged an introduction of rent controls for the capital.

(No shock there.)

Sian Berry said she would "break the grip" of big developers and build 200,000 new homes in London,... if elected. ??!

The Green Pary candidate set out her manifesto on London's housing - "building more homes with co-operative and smaller companies... funding experts to help communities defend their estates and helping private tenants with rent controls and a renters' union so they can organise and stand together."

Not that it's going to actually happen...
 

Generation Rent struggling with debt

The Observer report on rising debts amongst 'Genration Rent'.

The Debt charity StepChange claim they are dealing with double the number of renters struggling with debt, up 139% in 4 years.

The  charity say  the average debt is £10,829, including overdrafts, loans, credit card debt and rent arrears.

StepChange Chief Exec, Mike O’Connor says 

“People renting their homes are increasingly vulnerable as rents grow far faster than wages, and we are seeing more and more people struggling.”

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Average house price hits new high

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