Rental Crisis: Government Measures Not Enough

Mark My Words Podcast

Mark talks through recent property news headlines including why UK rental prices have continued to increase despite government measures. Mark gives his thoughts on proposed rent controls being introduced in Wales, the impact of current rent controls in Scotland and why the UK does not offer value for money in renting properties. He also reveals the many other reasons behind the current rental crisis in the UK.

KEY TAKEAWAYS

• 50k rental properties are needed to meet the demand in the UK
• Rent controls do not work. In the 60s and 70s, this was proven and it is being proven again.
• Rent control reduces the rental stock and pushes prices up, it also impacts the country's labour market as people cannot move around easily.
• People in the UK live in smaller homes than many other countries including France, Germany and Japan.
• Planning is extremely slow in the UK, this impacts the speed at which properties can be developed.
• Women in the UK are having fewer children than are needed to sustain the workforce which means immigration is heavily relied on.

BEST MOMENTS
"For the 17th consecutive time, the price of renting in the UK has gone up”

“Rent control doesn’t work”

“It will reduce the quality and selection”

“Reduce the cost of childcare and get women back to work”

“It’s stealing off a section of society and it’s not right”

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

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