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

Survey Finds Over 80% of Tenants Support Rent Controls Amid Record Rents

A recent survey by SpareRoom found that more than 80% of tenants support the introduction of rent controls in the UK. The survey, which included responses from 5,607 tenants, comes as rental costs reach record highs in six of the UK's nine regions and supply continues to decline.

The survey results were released as Prime Minister Andy Burnham considers reforms to the rental market. The data shows widespread tenant backing for rent controls, but also highlights concerns from industry bodies and lettings professionals about the potential impact on housing supply.

Matt Hutchinson, Director of SpareRoom, noted that rents have hit record highs in six regions and that supply has decreased following the implementation of the Renters’ Rights Act. He stated that while tenants are now better protected, they are not necessarily better off, as supply constraints could lead to further rent increases.

Despite strong tenant support for rent controls, the SpareRoom research also found that six out of ten tenants recognise the risk that such policies could push landlords out of the market. This could potentially reduce housing supply and drive up rents in the long term.

Ben Beadle, Chief Executive of the National Residential Landlords Association (NRLA), urged the government to rule out rent controls, warning that they could undermine the supply of rental homes. Greg Tsuman, Managing Director of Lettings at Martyn Gerrard Estate Agents, expressed concerns about the impact of new taxes, increased borrowing costs, and the Renters’ Rights Act on landlords. He warned that a rent freeze could make it harder for tenants to secure properties and suggested that reducing tax costs on letting would be a more effective solution.

The debate over rent controls is taking place as the rental sector faces ongoing regulatory changes and pressures on both landlords and tenants. The government has not yet confirmed whether it will proceed with rent control measures, though the policy is under consideration.