Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Propertymark Warns Rent Controls Could Lead to Landlord Exodus
Propertymark has warned that the introduction of rent controls could push more landlords to sell their properties, reducing the number of homes available to tenants. The warning comes as the debate over imposing rent controls continues to gather pace in the UK.
According to Propertymark, limiting rental prices addresses the effects of the housing shortage rather than tackling the shortage itself. The property body has raised concerns that such measures could have unintended consequences for the private rented sector.
For letting agents and inventory clerks, the potential reduction in available rental properties could impact the volume of new tenancies and property management activity. The ongoing discussion around rent controls remains a key issue for those working in the UK property sector.
Source: Property118