Mayor of London seeks new term on back of Rent Controls

The mayor of London will look in to supporting a campaign that will combat rising rent prices in London though as any person looking to get an extra term would do, the mayor said he can only make this happen if he is given a further term. The mayor who supports a second people’s vote and even if London was deemed to be a remain region over leave, then many others will turn away any support who own property portfolios who may start to see the pounds in their pockets decrease by further squeezing of landlords profits / patience.

The UK as a whole including London has a housing problem and mostly in affordable housing and rent controls is a good thing to turn away investors on residential properties and hand them back to people who simply want a home over an asset – Can rent controls really be enforced and to what degree will they make an effect on the average monthly rent costs?

President Trump has plans for a luxury estate build next to his golf course in Aberdeenshire – Shouldn’t affordable housing, no matter what penalty fee he will suffer if he doesn’t, be supplied with a degree of affordable housing as a set rule ie one rule for all?

It is said that two thirds of renters in London are in favours of pricing controls over rentals – Will that be enough to carry the decision through as not always a majority is a clear cut answer as we all know with the 2016 referendum?

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

small house bird box
Breaking News

Public Sentiment Favours Social Infrastructure Over Housing Resistance

Britain is more YIMBY than NIMBY, as social housing tops consumers’ housing policy priorities   More than two in five UK adults support new homes being built within three miles of where they live (43 per cent), nearly twice the proportion who oppose local development (22 per cent) Building social or affordable housing is the…
Read More
Breaking News

Homebuyers are Prioritising Wi-Fi Over Good Schools

One in four Brits would reject a home over potential slow broadband Almost half (45%) of recent and prospective home movers rank broadband among their considerations when choosing a home, much more so than local schools (26%) Over 1 in 3 (37%) don’t feel settled into a new home until their Wi-Fi is working. Of…
Read More
Letting Agent Talk

Landlord returns reach almost 7% in some areas

Landlord returns reach almost 7% in strongest rental markets, but protecting those returns is just as important as generating them   The latest analysis by The Letting Partnership has revealed that rental yields are reaching almost 7% in England’s strongest-performing markets, but the firm has warned landlords that generating a healthy return is only half the equation,…
Read More
Letting Agent Talk

Portfolio landlords now control almost half of England’s private rentals

A changing landlord landscape is being shaped by wealth creation, lifestyle flexibility and a more professional approach to property investment. A new generation of investors are entering the market driven by long-term wealth creation, lifestyle flexibility and a more business-minded approach to property ownership, according to John Minnis estate agents. While the latest English Private…
Read More
Rightmove logo
Breaking News

Commuter growth peaks in the north as Manchester and Glasgow lead the way

New analysis from the UK’s largest property platform Rightmove, reveals the commuter hotspots around six major cities where average asking prices are rising the fastest Affordable commuter locations around Glasgow and Manchester lead house price growth Falkirk, Stirlingshire, has the highest price growth at +13.5%, with an average asking price of £183,596 While asking prices…
Read More
Estate Agent Talk

Castles, cottages, vineyards and barn conversions

The latest data from LandSale has revealed what buyers can expect to pay, and how much they can get for their money if they want to escape to the country, with castles, vineyards, barn conversions, and cottages currently offering very different routes to rural living. The analysis draws on LandSale’s internal listing data and examines…
Read More