Responding to today’s report by the Resolution Foundation ‘Home Truths’ which concludes that “those renting privately now face some of the sharpest affordability problems but have few other options”, Richard Ashton, Policy and Communications Manager at the Residential Landlords Associations said:
“The RLA will study the contents of the report carefully but once again it highlights the glaring problem of too many studies coming up with contradictory figures on what is happening to rents.
“Looking at London alone, the Office for National Statistics has shown that in the eight years between May 2005 and May 2013, rents increased by 11 per cent during which inflation, measured by RPI, grew by 30.2 per cent.
“On the other hand, a new study by ‘Move with Us’ has shown that rents in the Capital fell by 10 per cent over the last year and a survey of RLA members has shown that 56 per cent of landlords do not intend to increase their rents this year.”
“The RLA has written to the Office for National Statistics (ONS) and the Valuation Office Agency (VOA) to call for a single, authoritative rent level survey that commands the confidence of the whole sector as well as policy makers.
“It’s time to take the political scaremongering out of rent level data.