Protected on paper, priced out in reality: the unintended cost of renters’ reform
The Renters’ Rights Act was introduced to protect tenants - abolishing the ‘no-fault’ evictions, limiting rent increases and replacing fixed-term tenancies with rolling contracts.
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On paper, these reforms sound great. In practice, however, they are making life more difficult for the very people they aim to help.
The most immediate impact has been a growing exodus of landlords from the rental market. Faced with tighter regulations and reduced flexibility, many property owners are choosing to sell, leading to an imbalance.
There are fewer available homes and more tenants competing for them. The result is predictable - rents are rising by around 10%.........
