“As landlords exit en-masse, even less rental housing will be available, and we can expect even greater rent price increases”
“As landlords exit en-masse, even less rental housing will be available, and we can expect even greater rent price increases”
Section: Opinion
Anna Clare Harper, CEO at investment adviser GreenResi:
“This increase in private rents is no surprise in the context of public policy — for some years, housing policy has focused on the needs of homeowners, on debt to fund new supply, and on increasingly stringent regulations designed to make the PRS more professional.
“So what’s next? As landlords exit en-masse, even less rental housing will be available, and we can expect even greater rent price increases.
“The solution is not further regulation or rent caps, but encouragement to professional investors to recapitalise the PRS and take the place of traditional side-line landlords as happens in countries with thriving rental markets.”