Thursday, 8 October 2015

Landlords Would 'Sell Up Rather Than Cut Rents'

London landlords are opposed to rent controls and many would sell up if they were forced to cut or cap their rents, according to a report commissioned by the London Assembly. Others warned they would have no incentive to invest in maintenance if the government tried to stabilise rent. The cost of a new tenancy in London jumped 11.9% between 2013 and 2014. The survey of 174 landlords analysed six proposals for cutting, capping or freezing private sector rents. Read more on the London Assembly website.

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