You’ve probably heard of Airbnb. But you might not have heard of Flipkey, HomeAway, HomeStay or Hostmaker. The concept stays the same - property owners rent out their house or flat for ‘short-term lets’, also known as holiday homes. They can be a great solution for covering your rent or mortgage bills for a few weeks whilst you’re away or utilising that spare room in your home.
But the problem is that local communities are finding more and more entire properties becoming permanent holiday homes. It’s eating up the market of houses that families can call home, and pushing up local rents.Read more
At the Labour party conference this week, delegates adopted a motion to (among other things) "Help private renters with an end to ‘no fault’ evictions, controls on rents and new minimum standards, including three year tenancies as standard."
The BBC reported on this commitment, but beyond the wording of this motion and John Healey's speech, we haven't had any more detail of what this would entail.
Luckily, Sadiq Khan has obliged. While the Mayor of London is not a member of the Shadow Cabinet, last week's publication of his response to the government's consultation on longer tenancies revealed that he is calling for much the same thing, plus some more idea of what it might look like in practice.Read more
Two million tenants in London will welcome the fact that getting a fairer deal for private renters is one of the Mayor of London’s five priorities for housing in the London Housing Strategy, which was published at the end of May. Given that Sadiq Khan’s housing powers are highly limited, what is his strategy promising to private renters in London?Read more
Local council elections are taking place in London in a few months. And just like the 2016 Mayoral race, these contests will be dominated by the city's housing crisis. From Haringey to Kensington and Chelsea, Londoners are looking for secure and affordable homes, and asking their councils to respond.Read more
Since the east London borough of Newham introduced mandatory borough-wide licensing of all private landlords in 2013, improvements in the sector have been indisputable. Criminal landlords are being driven out of the borough, standards and safety in the sector have improved and enforcement has dramatically increased.
Yet with the scheme due to expire on 31 December 2017, government is now more than four weeks overdue in making a decision on approval of a new, five-year scheme, to start in the new year.Read more
Delayed from August, this week saw the publication of the London Mayor's draft housing strategy, which is now open for consultation for three months.
Covering all housing policy from leasehold reform to tackling street homelessness, the strategy also has a specific section devoted to the private rented sector. With a quarter of London's children in the private rented sector, and millions of renters living in poverty, we all know how urgently action is needed.
We'll be coming back to parts of the strategy in the coming weeks, but here we just focus on the main headlines for renters.
The strategy builds on the Mayor's manifest commitment and previous public statements, and although the Mayor lacks the powers to fundamentally transform London's PRS, there are nonetheless some steps forward and potential to go further.Read more
Commissioned in Autumn 2016, the final report of the London Mayor’s investigation into the role of overseas investment in housing was published last week – but its findings can be read in very different ways.
Based on research by the LSE, its major conclusion and argument is that off-plan and pre-sales to the overseas market are integral to the current development model in London – and therefore also key to leveraging more affordable housing through section 106 agreements on those sites.Read more
This week Trust for London, in conjunction with Loughborough University, published their latest report on a Minimum Income Standard (MIS) for London - with figures updated from their first report in 2015, and with a focus in this research on families.
The MIS compares costs between London and the rest of the UK to show the difference between the minimum needed for an acceptable standard of living - with that minimum based on a list of goods discussed and agreed upon by the public.
We can draw many conclusions from the report, and though it should surprise no one that the cost of housing is a major differential between London and the rest of the UK, the research shows that the rising cost of private rents in the lower end of the market stops a large number of households achieving the MIS.Read more
For many years, debates around housing supply have suggested that a model needs to be worked up that leverages investment into building new long-term, professionally managed privately rented accommodation, as is much more normal in other countries around the world.
Generation Rent has always argued that new supply will only help a small percentage of lucky renters, and that the priority should be to support legislative reform that would improve things for the over two million London renters in existing stock.Read more