A fresh report on regulating the capitals growing rental market reveals entrenched political divisions but possibly there is common ground out there Private renting and private rents excite fierce passions in London. It’s not hard to see why: rents are tall and rising,too many landlords are amateurs or crooks and loads of tenants would sooner not be in the sector at all. But proposals for more regulation of the private rented sector (PRS) produce strong reactions too: it will hurt the wrong people, it will shrink the market, and it will make us like Venezuela. And so on.
This polarisation was evident when the London Assembly’s housing committee gathered material for its investigation into the PRS last year. Expert guests gave evidence,research findings were assessed and the politicians then failed to reach full agreement approximately measures such as restricting rent rises and providing longer tenancies would achieve. It is no astronomical surprise that the committee’s two Conservatives contain declined to support the resulting report.
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Source: theguardian.com