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SHELTER REPORT

Many of you will have heard on the news today about the publication of SHELTER’s report on rent levels. We felt it was worthy of mention here on the this blog given our interest in all things relating to the private rented sector.

Campbell Robb, Shelter’s Chief Executive, says: ‘We have become depressingly familiar with first time buyers being priced out of the housing market, but the impact of unaffordable rents is more dramatic.
With no cheaper alternative, ordinary people are forced to cut their spending on essentials like food and heating, or uproot and move away from jobs, schools and families.’

The report focuses on the affordability of accomodation in the private rented sector and is part of an ongoing series of reports which SHELTER intend to publish. The report highlights the large rises in rental levels over the decade prior to 2007 and suggests that in large parts of the country rental levels are now at a level that makes them unaffordable. As a result SHELTER is calling on the Government to stabilise the market and bring in policies which will bring rental levels into line with earnings.

What is clear from the report is that the supply of rental properties in some areas are not suffcient for those seeking such property. With changes to Housing Benefit there must be real concerns as to the effects this will have on many families. Plainly some elements of the Localism Bill (particuarly those in relation to planning) are supposed to assist in this area but this will take time to filter through. We are sure that this report will generate much debate and would welcome readers comments.”

One Comment

  • mary latham 14th October 2011 at 12:10 pm

    Government need to help private landlords and property investors to increase the supply of homes. An increase in supply will give tenants more choice and will reduce rents. Rent control will drive out landlords and will decrease the supply and this of course will give tenants less choice and will drive rents up. This is the simple law of supply and demand and not just about housing. If those who support tenants needs cannot see this I really do give up. We all need to work together to drive out rogue landlords and rogue tenants and make the private rented sector a more popular choice for those tenants who cannot find a home anywhere else – this will be the case more and more as council stock diminishes and building fails to meet demand.
    My question is why are we allowing the media to be fed with rubbish which feeds the fear rather than applying normal business practice to a very serious and growing problem?

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