Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Renters Increasingly Support Rent Controls
A growing number of UK renters are supporting the introduction of rent controls in response to record high rents, according to new data reported by Property118.
Findings from SpareRoom reveal that 77% of renters now strongly support rent controls. The data also shows that renting is becoming unaffordable for many, with 32% of UK renters and 35% of London renters stating they had been forced to move in the past 12 months.
These trends highlight the ongoing pressures faced by tenants and the potential implications for letting agents and inventory clerks, as increased tenant movement may impact tenancy management and property turnover.
Source: Property118