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.”