Anger at Labour leader’s pledge to introduce rent controls
The lettings industry has reacted angrily to an announcement made by Labour leader, Jeremy Corbyn, that the party would introduce rent controls if the party enters government.
ARLA Propertymark chief executive, David Cox, said, “The Labour Party clearly hasn’t learnt the lessons of history. The last time rent controls existed the private rented sector went from housing 90 per cent of the population to just seven per cent. Whenever and wherever rent controls are introduced, the quantity of available housing reduces significantly, and the conditions in privately rented properties deteriorate dramatically”
“Landlords, agents, and successive governments over the last 30 years have worked hard to improve the conditions of rented properties and this is like taking two steps backwards. Rent control is not the answer – to bring rent costs down we need a concerted house building effort to increase stock in line with ever-growing demand” he says.
Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2017/9/industry-anger-erupt-at-corbyns-pledge-to-introduce-rent-controls