14:46 PM, 27th April 2017, About 5 years ago 9
Shelter Scotland and the Green Party are now calling for Rent Controls to be introduced in Edinburgh.
The Scottish Government has so far implemented every suggestion that Shelter has had for the Private Rental Sector whilst The Green party are currently the kingmakers in The Scottish Parliament so very influential. As housing is a devolved issue governed by The Scottish parliament then it is very likely that Rent Control for Edinburgh will be introduced.
So how did Edinburgh rents get to the stage where they spiraled out of control and needed Rent Control? Rents in Edinburgh were below inflation from 2008 to 2014 but have now risen very steeply (probably as a result of interventions in the market by the Scottish Government and championed by Shelter and The Green party).
Now Shelter are pushing for similar policies to be introduced in England and Wales e.g. Ban on letting agent fees but refuse to acknowledge that it is their policies that have caused rents to spiral out of control.
In my opinion Shelters interventions in the market are poorly thought through and if implemented will lead to the introduction of Rent Control throughout the country.
Rent control is implemented in Stockholm and has been a complete disaster with waiting lists of over 20 years and illegal subletting being the norm.