Tory plans for Rent Controls in seaside towns?Make Text Bigger
The Housing and Finance Institute was set up by David Cameron’s coalition government in 2015 before the last general election. It want to repair the housing markets in run down seaside towns with a ‘Fair Value Rents regime’.
The report wants to halt the continued decline of many neglected coastal towns by solving the “toxic trio of low home ownership, poor quality rental properties and a lack of job opportunities”.
The institute is proposing:
- Time limited and localised rent controls in the poorest coastal communities.
- Setting a locally assessed fair value rent to take into consideration location and condition of a property
- Central government support for councils with areas of failed house building markets.
- Creating a ‘One Stop Shop’ to make it easier for councils to take action against criminal landlords and grouping together Council action on housing quality, planning, new housing, growth and tenancy management.
CEO of the Housing and Finance Institute, Natalie Elphicke, said; “Dysfunctional housing markets are proving fundamental to the spiral of decline in many of Britain’s coastal communities and something radical must be done to turn the tide.
“The proposals in this paper can help to break up the concentration of housing poverty and attract new high quality building and investment. Housing can be pivotal to securing jobs, growth and reversing entrenched deprivation.”
Many Property118 readers would see this as the thin edge of the wedge leading to similar policies as the Labour Party with full national Rent Controls.
Click Here to download the full report
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