Private rented sector

Meeting: 
MQT on 2015-09-16
Session date: 
September 16, 2015
Reference: 
2015/2791
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

You have stated that any mechanism to give tenants greater certainty over future rent rises would be detrimental to housing supply. What impact do you think such a mechanism would have on land values in London?

Answer

Answer for Private rented sector

Answer for Private rented sector

Answered By: 
The Mayor

While it is widely accepted that rent controls such as those you suggest would have a detrimental impact on the supply of private rented homes - and as the Assembly recently heard would be likely to actually put up rents - there is no evidence it would result in lower land values.