Rent stabilisation measures and London market

October 2, 2015

The Association of Residential Letting Agents (ARLA) has  submitted written views to the London Assembly Housing Committee investigation into the impact that rent stabilisation measures would have on London’s housing market.

ARLA has comprehensively replied to a total of 9  questions which can be seen by visiting their website: http://www.arla.co.uk/news/october-2015/arla-respond-to-rent-stabilisation-measures/

Commenting, David Cox, Managing Director of ARLA, reportedly said: “Fundamentally ARLA is not in favour of introducing rent stabilisation measures in London.  In March we surveyed our members and nearly three quarters of them said that rent control, longer tenancies and less freedom to evict tenants will not benefit tenants in reality.

“We’ve looked at Germany which is often viewed as one of the best examples of rent stabilisation in the world, but there are large costs involved for tenants as most properties are let bare without a kitchen or bathroom. In addition, in Belgium they have longer minimum tenancies lasting between three to five years which simply wouldn’t work in London where the fluidity of people coming and going for short periods is a common occurrence.

“The challenge in London remains to find new, imaginative and additional ways of delivering good homes in safe and friendly neighbourhoods for prices people can afford. We think that the stamp duty raised from London property sales should be kept in London to invest in more housing and we would like to see the London Rental Standard become mandatory across the Private Rented Sector.”

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Budget wishlist

Kevin Shaw, National Sales Managing Director at LRG With the Budget just days away, the property market is in a slightly better place than it was this time last year. Stamp Duty has been ruled out of this year’s changes, which removes the kind of speculation that held buyers and sellers back last autumn. The…
Read More →
Estate Agent Talk

Autumn Budget 2026: Property industry experts comment

Ahead of Wednesday’s Autumn Budget, property industry experts from across the residential sales, lettings, land and property development, mortgage finance and client money protection sectors have shared their predictions, priorities and warnings for the Chancellor. With speculation surrounding property taxation, first-time buyer support, landlord investment, inheritance tax and housebuilding, industry leaders outline what Wednesday’s announcements…
Read More →
Adding second coat of varnish floor boards
Estate Agent Talk

5 Renovations That Can Transform a Property Before It Goes on the Market

Ask a vendor what they plan to fix before listing and the answer is often too ambitious. A loft conversion won’t be finished in time, and it rarely pays back on a quick sale. The changes that actually move a listing are smaller and cheaper, and they show up in the photos. Here are five…
Read More →
Breaking News

Seven things to do if a tree damages your property

Storm Austen and Storm Boelo are bringing strong winds and heavy rain across the UK this weekend, meaning homeowners could find themselves dealing with fallen trees, damaged roofs, crushed cars and difficult conversations with neighbours about who should pay. But what should you do if a neighbour’s tree comes crashing through your roof? Will your…
Read More →
Rightmove logo
Breaking News

Leasing demand rises across all sectors

Leasing demand rises across all sectors as investment enquiries remain subdued Leasing enquiries rose across all four main commercial property sectors in the third quarter of 2026, while investment enquiries fell in three, according to Rightmove’s latest Commercial Insights Tracker. The figures point to improving occupier interest alongside a more cautious investment market. Industrial property…
Read More →
Breaking News

Don’t Put The Property Market On Pause

What Estate Agents actually want from the Budget Estate Agents are looking to the looming Budget for something that has been in short supply across the property market in recent years – certainty. That was one of the clearest messages to come out of iamproperty’s recent roundtable attended by agents from across the UK. The…
Read More →