The National Residential Landlords Association is warning the Welsh government to steer clear of rent controls.
In its response to the Welsh government’s consultation on rent controls, the association claims they would force landlords to quit, reduce stock and thus push up rents.
It says landlords are already having to cope with changes under the Renting Homes (Wales) Act and would benefit from a period of stability.
The NRLA says the act has damaged landlord confidence, as evidenced by the high level of possessions that took place in the first quarter of the year – a 253 per cent rise in accelerated possession claims over 12 months.
Chief executive Ben Beadle says: “If the Welsh government is serious about addressing high rents and a lack of supply, it must take tangible steps to increase housing supply.
“A good place to start would be to back our calls for pro-growth measures to encourage investment in homes to rent.”
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Watch this space in England…. WHEN Labour gain power 💀💀. All this isn’t over 🤷♂️
It seems very likely to me that rent controls will be introduced in order to make the private rental sector viable as permanent homes for poor homeless families, the elderly etc which is the intention of the Renters Reform legislation.
Completely agree.
You only have to watch the numerous reports of the chaos in American Democrat cities, to see the lunacy coming our way.
Aside from the race wars being fought n the USA, you have places like Chicago, San Francisco and New York now overwhelmed with homeless people, massive drug issues and stores closing because of endless looting backed up by these crackpot politicians defunding the Police.
In London and Wales we've seen some of these American Democrat policies start to take root, and the consequences are already apparent. The NRLA and Lettings Agents should start running social media campaigns like Shelter does, advising Investors "Leave Wales". The sooner landlords stop engaging with Local Authorities who in turn have jumped at the chance of selective licensing and planning restrictions, the better. When total chaos ensues, then they will learn.
Labour have not been truly in power since the 70s, Blair was not really Labour and as such schools and colleges have the opportunity to indoctrinate a whole generation who have no idea what they are wishing for. That's the problem with our current weak national government and a Unicorns and Lemonade Springs opposition.
I'm afraid only a dose of the chaos seen in the USA is likely to wake them up, and by then we'll be back in the EU for ever tied to even more lunacy.
I have read a few articles on the USA 🇺🇸 situation 💀💀🆘🆘
I also can see that all kicking off here, civil war blood on the streets
It seems that Welsh politicians believe that doing the same as Scottish politicians will have different results in Wales - delusional!
Rents have been driven up by Legislation. Regulation’s, all sorts of Requirements, Taxes, Licensing etc, so are they surprised Rents went up.
Cap the crap stop the constant attack on PRS, call off the hounds and don’t be guided by lame duck Charities who have contributed to homelessness while not providing any housing themselves but wants front place at the Government Select Committee table forming legislation.
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