Renters Rights Act backfiring, warns leading lettings agency
Summary
Knight Frank argues that the Renters Rights Act is having unintended consequences, with tighter rules and reduced landlord confidence contributing to lower supply and higher advertised rents. The article also links anticipated EPC C requirements from 2030 and tax pressures to further constraints on rental stock, particularly in London markets.
Why it matters
Residential property surveyors involved in lettings, valuation and market analysis need to understand how regulatory change is affecting rental supply, pricing and investor behaviour. These shifts can influence rental evidence, yield assumptions and advice given to landlords and buyers in the private rented sector.
Key points
- Knight Frank says the Renters Rights Act has reduced landlord flexibility and increased red tape.
- Rightmove data shows new rental listings in prime central and prime outer London were below the five-year average.
- Advertised rents are rising as landlords can no longer accept offers above the asking rent.
- Expected Minimum Energy Efficiency Standards requiring EPC C from 2030 are cited as another deterrent to landlords.
- London rental trends vary by segment, with stronger growth in prime outer London than in higher-priced prime central stock.
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