11:23 AM, 3rd April 2023, About 11 months ago 19
London Mayor Sadiq Khan has again called for a rent freeze for tenants to be implemented in the capital.
He was responding to a news report that highlighted data from Rightmove that shows the average asking rent in London leapt by 15% over the year to reach £2,480.
And the rents for homes in inner London have passed £3,000 for the first time.
Mr Khan said on social media: “Our private rental market can’t continue like this — it’s not sustainable for Londoners who are struggling with other rising costs too.
“The Govt must allow me to freeze rents in the capital.”
However, the chief executive of the National Residential Landlords’ Association (NRLA), Ben Beadle, hit back on social media and said: “Another day, another call for a rent freeze from the man who’s in charge of housing numbers in London.
“So rather than deflect and choke off supply further, why not do something already in your control like increase supply and investor confidence which will bring rents down?”
He added: “You could also help people by not increasing costs – licensing, ULEZ extension, fares – and perhaps support NRLA calls for a review of property taxation and encourage pro-growth measures. Just a thought.”
Tom Harwood, the deputy political editor and presenter on GB News also weighed into the debate and he replied to Mr Khan: “You are so out of touch on this.
“Have you seen the chaos endure to rent in London? 50+ people cramming in for a viewing, horrible flats going in seconds?
“This is simply a function of limited supply.”
He added: “Capping rents without boosting supply makes things worse.”
The report in City AM highlighted that while house price growth in the UK has fallen, rents have reached their highest point in seven years.
Quoting data from the Office for National Statistics, it says that rents rose by 4.7% in the UK, the highest since January 2016.
And ‘fierce competition’ in London for rental properties has seen rents reach a record of £2,480 per month, Rightmove says.
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