The Telegraph is reporting how the rental market in Scotland is being decimated by the policies introduced there. The question is, will it happen south of the border?
The full article can be seen here (subscription may be required), and states how the six-month rent freeze and eviction ban for existing tenants has caused rents to rise for newly let properties (which are exempt from the ban).
It goes on ‘Scottish rent growth has outpaced the national average since June – a trend that predates the rent freeze. But analysts warned that the policy has further inflamed a market that was already grappling with an extreme imbalance between supply and demand.
The freeze is scheduled to run until the end of March 2023, but there are widespread expectations that it will be extended. The Scottish government also plans to introduce rent controls in 2025.’