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Corbyn promises rent controls from a Labour Government

Posted by Tomlinson Estates 03 August 2017 at 09:11

Corbyn promises rent controls from a Labour Government

Jeremy Corbyn used his address at the Labour Party Conference this week to pledge the introduction of rent controls in the event of Labour coming to power. “Rent controls exist in many cities across the world and I want our cities to have those powers too and tenants to have those protections,” he stated.

Landlord representatives have been quick to raise concerns, with David Smith, the policy director of the Residential Landlords Association, saying “Rent controls would be a disaster for tenants. History has proved that they stifle investment and reduce supply; making it much more difficult for tenants to find somewhere decent to live."

Interestingly, even housing charity Shelter has attacked the proposals. Shelter CEO Polly Neate said: “Shelter supports controls that lengthen tenancies and protect families from unfair rent rises but not old fashioned rent-setting which we think could end up harming the very people on low incomes they’re meant to help, if and when landlords sell their properties."

How significant Corbyn's pledge will be for the sector remains to be seen.