Renters’ Rights Bill could worsen housing crisis – Propertymark

The housing crisis is caused by over-population. The crisis worsens every day.

Losing PRS properties to holiday lets or second homes has a marginal impact on the housing shortage.

The RRB will reduce the number of rental properties available but will ensure owner-occupancy rates increases.

With around a million new tenants coming to the U.K. each year, Labour had better revise their 1.5 million house building target. They are 5% into their 5 year term and I don’t see 75,000 new affordable homes being made available yet.

The alleged £22 billion black hole will seem like chicken-feed when the champagne socialists are ousted at the next election.

It will hasten the destruction of the PRS as it seeks to deprive an owner of free choice over their own property. Once the Government wakes up to the dwindling housing stock due to Landlords exiting resulting in unaffordable rents and a rise in homelessness it will be too late. At that that point they will take desperate suicide measures such as eviction bans, rent controls, huge increases in capital gains tax targeted at second home owners etc. I expect that they will find a way to blame landlords for it all. At least Millet’s shares will rise as a result of tent cities springing up.

Doesn’t take a genius to see the RRB will worsen the housing crisis.

Nor does putting illegal migrants to the top of the housing list and furnishing the properties (but refusing to say how much the furnishings cost as has been decided that should doing so would likely fuel riots on the streets after receiving a Freedom of Information request).

I’m pulling out of the PRS and ploughing all my cash into shares in Go Outdoors/camping companies as I suspect there will be a huge rush on tent purchases in the near future as the unintended consequences of the RRB force more and more tenants into homelessness that the council and social housing providers are (and have historically been) ill equipped to deal with. I’ve had enough of being told by those with no skin in the game (Shelter, Gen Rant etc) that I should have less and less rights over MY property, and to be treated like a second rate charity social housing provider. If they think they can do a better job then there will be plenty of properties being offloaded they can invest in to help those they claim to be lobbying for….

Reply to the comment left by northern landlord at 14/10/2024 – 14:21
“ Once the Government wakes up to the dwindling housing stock due to Landlords exiting…”

Housing stock won’t disappear if landlords sell. The houses will still be there.

The ratio of owner occupied to renting may change. Homes will only be lost if they are moved to short term lets.

What the proposals will do is severely hinder investment in property. With Labour ‘committed’ to build 1.5 million new homes, they really could do with some investors in property.

S21 issued to tenant of 14 years then will be selling the house.

Reply to the comment left by Cider Drinker at 14/10/2024 – 16:33
“Housing stock won’t disappear if landlords sell.”

They don’t get built in the first place.

Private landlords are (were) responsible for a significant part of the country’s house building.

Driving them out of business has consequences.

…and private renters occupy 10% less of the same housing stock than owner occupied.

In practical terms, it “disappears”.

Consequences.

Ironic that its left to Propertymark to stand up for landlords whilst the NRLA capitulate to politicians !

Reply to the comment left by Chris @ Possession Friend at 14/10/2024 – 22:56
https://www.property118.com/ben-beadle-claims-renters-rights-bills-section-21-ban-is-not-a-big-change/#:

Ben Beadle claims removing Section 21 will not be “a significant change for landlords.”