Rents could rise 15% by 2023 as the supply of new rental
properties dries up, according to a survey by the Royal Institution of
Chartered Surveyors (RICS). It said small scale landlords are pulling out of
the market. It blamed tax changes brought in last year which have made
Buy-To-Let investments less profitable. RICS said it was time that the
government looked again at the way the private rented sector was regulated. It
said its members have seen the supply of new rental property falling
consistently for two years. Meanwhile, the majority of its members are seeing
steady increases in the number of people looking to rent, although the numbers
are levelling off. Read more on the BBC website.
I was on New York’s rent board. Zohran Mamdani’s ideas aren’t pie in the
sky | Leah Goodridge
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The Democratic mayoral candidate has faced controversy over his calls for a
rent freeze. But the plan has plenty of precedent
During the New York City ma...
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