Poorest priced out of Oxford.

August 6, 2015

The National Landlords Association (NLA) is requesting that Oxford City council  changes its homes in multiple occupancy licensing scheme (HMOs) and make it easier for landlords to operate them, this comes on the back of claims that strict rules for renting out shared houses is pricing some of the poorest tenants out of Oxford.

NLA local authority policy officer Gavin Dick reportedly said: “The reason is that the prices are so high is because supply does not meet demand, you cannot say high rent prices are all investors faults when the city council has not built enough houses in Oxford.

It is estimated one in five people in Oxford live in an HMO, but this number could rise to 10,000 by 2021, almost a fifth of homes in the city.

City council leader Bob Price said “private sector rents in Oxford were among the highest in the country and it was landlords who were pricing people out of their homes”. He added: “The rents are set by the landlords who are making big profits out of what are often poor quality properties.

 

Alex Evans

You May Also Enjoy

Breaking News

Propertymark New Builds Pricing Report – Summer/Autunm 2025

Average house prices for new instructions regarding newbuild properties being marketed in the South West have dropped by £33,120 when compared to a year previously in October 2024, according to data from by Propertymark.  Additionally, Yorkshire and Humberside saw a £33,104 drop during the same period for average house prices for instructions relating to newbuild houses.  Throughout the entire…
Read More →
Breaking News

How much should landlords earmark for maintenance?

Landlords should earmark a quarter of rental income for maintenance and repairs As the Renters’ Rights Bill is passed into law, increasing the demands and expectations of landlords – not least when it comes to the proper upkeep of their properties – new research from Adiuvo, the UK’s leading provider of 24/7 property management support,…
Read More →
Planning disputes on new build land
Breaking News

Developers lose confidence ahead of Autumn Budget

Jonathan Samuels, CEO of Octane Capital, believes that growing uncertainty surrounding the Autumn Budget has left many developers hesitant to progress new housing projects, with confidence falling sharply as fears of new property taxes, rising costs, and ongoing planning challenges weigh heavily on the sector. The latest survey of UK property developers, commissioned by specialist…
Read More →
Breaking News

Could the Autumn Budget dent property values?

Autumn Budget uncertainty could see house prices continue to fall The latest research by nationwide cash buying company and quick sale specialists, Springbok Properties, has found that those looking to sell could see the value of their home fall over the remainder of the year, as historic data shows that major fiscal events such as…
Read More →
bricks rubble
Breaking News

Westminster Debate Highlights Urgent Need to Tackle Rogue Builders

A Westminster Hall debate yesterday, led by Mark Garnier MP, brought MPs from across the political spectrum together to address the growing problem of rogue builders. The discussion highlighted shocking cases of homeowners losing thousands of pounds, unsafe work being carried out, and rogue traders repeatedly evading justice by exploiting loopholes in the current system.…
Read More →
Breaking News

Ombudsman welcomes Renters’ Rights Act implementation roadmap

The Property Ombudsman welcomed the Government’s roadmap for the Renters’ Rights Act 2025 that sets out how the legislation will be implemented. The Government’s announcement today (14 November) follows the Property Ombudsman’s Consumer and Industry Forum on 12 November where Stephanie Kvam, Deputy Director – Private Rented Sector at the Ministry of Housing, Communities and…
Read More →