"We have an affordability crisis in the private rented sector, which dates back to before the pandemic. Other countries in western Europe already do this, and England used to from 1915 until 1989. We know rent controls can fix an affordability crisis if done carefully, we just need to be willing to impose them."
"This feels like a mind-boggling scale of intervention in the private market. If the government wants to bring rents down it should build an awful lot more houses."
Rachel Reeves is contemplating a one-year rent freeze on private sector homes as the government expresses concern over the Iran war's effects on voters' finances. This proposal would prevent landlords in England from raising rents temporarily and marks a shift from previous government stances against rent controls. With local elections approaching and inflation predictions rising, ministers are seeking immediate solutions to alleviate the cost of living crisis. Experts highlight the affordability crisis in the rental sector, while others caution against potential negative impacts on housing development.
Read at www.theguardian.com
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