27th
Dec 2024
A landlords’ trade association has strongly criticized the Prime Minister for attributing increasing rents to landlords.
According to the trade association, Keir Starmer should acknowledge the crucial role landlords play in the housing sector, instead of concentrating on rent levels, which are determined by market forces.
Labour has committed to abolishing Section 21 'no fault' evictions in the Renters' Rights Bill and plans to construct 1.5 million homes to address supply and demand issues.
The association’s spokesperson, said: “Rents have gone through the roof, because the competition for rented accommodation is through the roof.
“It is through the roof because we have not been building enough houses, and therefore too many people want the same accommodation, which means landlords are put in a prime position.”
The policy director for the association, criticized the Prime Minister for blaming landlords without tackling the underlying issues that are compelling many to sell their properties.
He said: “The argument is as depressing as it is familiar. It’s also something of a paradox – if the PRS is the proverbial land of milk and honey, then why are we seeing landlords leaving the sector in droves?
“It’s not just us saying this, the government’s own figures back up our argument.
“As Zoopla reports, tenant enquires per property are now 31% higher than pre-pandemic levels, the most recent government data shows that?a third of landlords (31%) are planning to sell properties they rent out in the next two years, up from 22% in 2021.
“In contrast, just 7% say they are planning to provide new homes to rent in the next two years, compared with 11% four years ago. Hardly the feeding frenzy the Prime Minister is suggesting.”
He emphasizes that the Labour government should prioritize investment in the private rented sector to address the housing crisis effectively.
He said: “The Labour government’s answer to the housing crisis is to build more homes – and while, long term, of course this makes sense, it can’t happen overnight – and the Prime Minister knows this.
“We have been lobbying this (and the previous) government for some time, arguing that only by encouraging investment in the private rented sector can we ensure that tenants will be able to find an affordable home in a place where they want to live.
“We will also continue to campaign for the lifting of the freeze on Local Housing Rates, which is leaving so many households unable to afford even the very lowest rents in their area.
“A robust private rented sector is vital for the social and economic wellbeing of this country. We need pro-growth measures that will encourage landlords to continue to invest in the sector to provide the rental homes that this country so desperately needs.”
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