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Stressed: A review of London’s private rental sector
Posted on: 15 August 2013
By: mackene
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Filed under: News
Described as the first independent review of London’s private rental sector in years, this report shows the sector faces enormous pressures. Rents have risen significantly as demand has grown faster than supply. At the same time complaints about landlords and letting agencies have been on the rise, and nearly half of rented homes fail to meet basic standards of health and safety. The report argues that while we badly need to increase the supply of new homes of all tenures in the capital, we also need to do more to raise the standard of existing homes for rent. Among other recommendations, the report argues that we should strengthen the way the sector is enforced. However, it cautions against imposing new regulations on the sector and new burdens on landlords. These could well have perverse consequences for tenants. Instead it suggests the Government should do more to incentivise landlords to invest in the up-keep of their properties.
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