Abolishing Section 21 Could Have Serious Impact On Private Rented Sector

The private rented sector could shrink by 20% if Section 21 ‘no-fault’ evictions are abolished, according to a new economic analysis report. The report by Capital Economics also forecasts a reduction in housing available to tenants on housing benefit or Universal Credit. But it suggests a possible solution, namely a reformed court process that made dealing with Section 8 cases faster and cheaper could nullify the removal of Section 21 for many landlords. However, the PRS would still see a likely reduction of between 180,000 to 390,000 homes, between 130,000 and 300,000 fewer homes available to benefit claimants, and rent increases for between 110,000 to 240,000 properties. Read more on the Property Wire website.

https://www.propertywire.com/news/uk/abolishing-section-21-could-have-serious-impact-on-private-rented-sector/