Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

RRA Linked to Falling Supply and Higher Rents in London

The Renters’ Rights Act (RRA) is being linked to a reduction in rental property supply and rising rents in London, according to a report by Property118. The report notes that landlords are closely monitoring the impact of the RRA on the market.

Property118 highlights that falling supply in London is already being associated with higher rents. The report references comments from Tom Bill, head of UK research at Knight Frank, who suggests that the reforms should serve as a cautionary tale for policymakers.

Letting agents and inventory clerks may wish to note the ongoing changes in the London rental market, as the effects of the RRA continue to unfold. The report underscores the connection between economic policy and market outcomes for both landlords and tenants.