Campaigning group Generation Rent has slammed Propertymark’s claims yesterday that rising rental prices are down to the government’s ongoing attempts to shrink the private rented sector.
Generation Rent rarely comments on research published by Propertymark, but has been moved to do so after the report, called ‘A Shrinking Private Sector’ claimed that the number of properties rented via agents has halved over the past four years.
Dan Wilson Craw, Deputy Director, Generation Rent (main picture), says: “Rents are rising and would-be tenants face bidding wars or demands for multiple months’ rent up-front.
“That is a result of large numbers of people moving back to cities since summer 2021 as universities and offices reopened, putting a strain on homes coming to market. We’re seeing similar rent inflation in the US and Australia.
“When landlords sell up, their properties don’t disappear. They continue to be lived in, either by tenants of the new owner or by an owner-occupier whose old home is now available for a private renter to buy. Supply and demand stay the same so rents are unaffected.
“Reforms to the rental market are necessary to give private tenants better quality, longer-term homes.
“The government has said that landlords will be able to evict in order to sell or move in – though we believe these grounds should come with protections against abuse. If some landlords are unhappy with that, they won’t be missed.
“Government plans aside, rents are too expensive, so we need to build more of every tenure in the places people want to live, to make sure everyone can afford a home.”