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Landlords seek to head off Welsh rent controls ahead of official announcement

NRLA says rent controls would make existing supply and affordability problems within Wales worse not better.

Nigel Lewis

The National Residential Landlords Association (NRLA) has launched an initiative to help head off expected rent controls in Wales.

This morning the trade body revealed its Shadow Wales White Paper which sets out how it believes the nation’s private rented sector could be improved, as well as shooting down the Welsh coalition government’s proposed restrictions to rent rises.

The report says: “The NRLA has long held the view that rent controls of any kind simply do not work and do not have the intended effect of addressing affordability in the private rented sector.”

The NRLA’s White Paper is designed to mirror the much-expected official one due out soon, which is expected to include rent control measures to be introduced within the country’s Senedd (pictured) most likely next year.

Coalition proposal

Outline proposals were announced back in November when the country’s Labour government and nationalist party Plaid Cymru revealed that they had entered a loose political alliance.

The two parties now work together jointly on a range of issues including rent controls but have also been instrumental in shaping other radical measures including new, longer ASTs and longer notice periods.

But the NRLA says these measures are already beginning to bite with its own research showing that only 11 per cent of landlords it polled said they planned to increase the number of properties they let out whilst far more, 37 per cent, plan to cut the number they rent out.

Ben Beadle TDS Northern Ireland“Our White Paper sets out what must be done in Wales to build a fairer, more inclusive PRS for both tenants and landlords and the damage that outmoded notions of rent control could have on the market,” says Ben Beadle, Chief Executive of the NRLA (pictured).

“Ultimately, with affordability and supply issues continuing to dog the Welsh private rented sector, rent controls would exacerbate these ongoing problems and fail to provide a solution fit for the twenty-first century.”

The NRLA Shadow White Paper can be downloaded here.

 

March 18, 2022

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