Landlords are today warning that the Labour Party has got things wrong on the private rented sector.
Labour Leader, Ed Miliband MP will today launch his party’s local and European election campaign with a call for new three year tenancies in the private rented sector and rent controls in the form of “stable rents”.
Such sentiments fail to recognise the reality of the private rented sector and serve only to exaggerate people’s fears.
Commenting on Labour’s announcement, RLA Vice Chairman, Chris Town said:
“Whilst it is good to see a debate being held on the role that the private rented sector has to play in meeting the country’s housing needs, it is vital that it is based on fact and not populism.
“The RLA will study Labour’s proposals carefully, but all the evidence clearly shows that rent controls of the kind being proposed, would critically undermine investment in new homes to rent and are not needed given that official statistics show that rents are increasing by much less than inflation.”