Jamie Hailstone 15 September 2016

Rent controls are not the answer, warns institute

Rent controls are not the answer, warns institute image

A think tank has warned rent controls are not the answer to the UK’s growing housing crisis and will only make the situation worse.

A new report by the Institute of Economic Affairs said imposing rent controls will not ensure more homes will be built and could even force some landlords out of business.

Instead, the report recommends a series of measures designed to increase the number of homes available, including an automatic right to build on land, unless specifically prohibited.

It also recommends abolishing the greenbelt system and letting councils raise money with local income and land value taxes.

‘The housing crisis is borne out of, and perpetuated by, the severe lack in supply of houses,’ said the institute’s head of health and welfare, Dr Kristian Niemietz.

‘Trying to tackle this problem by imposing rent controls will do nothing to address the root of the problem and will only cause adverse effects for landlords and prospective tenants alike.

‘The housing crisis has become the single most important driver of poverty in the UK and so it is crucial that policymakers look to improve affordability by scrapping restrictive planning schemes and encouraging development.’

‘An increase in supply of houses will allow house and rent prices to fall – much more so than any government-set price,’ added Dr Niemietz.

To read our feature on the Green Belt visit here.

Managing short-term lets image

Managing short-term lets

Deborah Heather explores the issue of homestay rentals and managing short-term lets within council boundaries.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Practitioner - Children in Care

Essex County Council
Negotiable
In Essex County Council we are "Serious about Social Work". Having recently won the Best Social Work Employer of the Year Award 2018 and been awarded England, Essex, Colchester
Recuriter: Essex County Council

Youth Offending Service Practitioner

Essex County Council
£30001.0 - £41000.0 per month
Essex County Council (ECC) is one of the largest and most dynamic local authorities in the UK, serving a population of 2 million residents, and has a England, Essex, Chelmsford
Recuriter: Essex County Council

NCS Youth Work Team Leader|226446|ECC

Essex County Council
£19389.0 - £22558.0 per hour
Essex County Council (ECC) is one of the largest and most dynamic local authorities in the UK, serving a population of 2 million residents, and has a England, Essex, Chelmsford
Recuriter: Essex County Council

NCS Youth Work Assistant Team Leader|226445|ECC

Essex County Council
Negotiable
Essex County Council (ECC) is one of the largest and most dynamic local authorities in the UK, serving a population of 2 million residents, and has a England, Essex, Chelmsford
Recuriter: Essex County Council

Youth and Community Manager

Dunstable Town Council
£32,878 rising to £34,788 (pay award pending)
As Youth and Community Manager you will lead in the development and delivery of a range of services targeting young people Dunstable, Bedfordshire
Recuriter: Dunstable Town Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how public sector organisations can unlock the hidden value in their land, and why a new approach to construction could help boost the outcomes of the Government’s One Public Estate programme.

The December issue also considers why learnings from ancient cities could provide the key to promoting wellbeing in the modern built environment. It also contains a case study on how the London Borough of Westminster has provided high quality care for the elderly alongside a block of luxury apartments.

Register for your free digital issue