Private rented sector (2)

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/1224
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

While private rented sector rents continue to rise above inflation, standards remain worse than any other tenure of housing in London. What are you doing to ensure that property standards in the private rented sector reflect the costs tenants, i.e. the consumer, are forced to pay in a constrained market?

Answer

Answer for Private rented sector (2)

Answer for Private rented sector (2)

Answered By: 
The Mayor

Annual growth in average private sector rents in London, as measured by the Office for National Statistics, has in fact been below the level of inflation in each of the last three years. Conditions in the sector are also improving rapidly, with the proportion of private rented homes failing the decent homes standard falling from 39 per cent in 2008/09 to 30 per cent in 2011/12.

To improve the situation further, I am increasing the supply of private rented sector homes, which will help reduce further rent increases. The draft London Housing Strategy commits to delivering 5,000 long term private rented sector homes and the first examples have already been delivered in the former Athletes Village, the Genesis's Stratford Halo development and Thames Valley's Fizzy Living.

I am also driving up management standards through my London Rental Standard, which aims to accredit 100,000 landlords by the end of my second term and by winning additional funds from Government for London boroughs to tackle rogue landlords, through the Beds in Sheds programme.