Monday, September 16, 2024

Rent Controls Push Rents Upwards


 

There's been an 18% rise of Landlords putting their houses on the market. 

This will mean the house market will be flooded, and house prices will come down. 

This will mean a housing crisis for renters, as the limited rental stock will put their prices up.  

8% rental shrinkage in an already heavily in demand market. 

Landlords are not allowed to accept offers over asking, which means they'll list higher. 

Labour's bill will have the precise opposite effect of what was intended!

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