Market solutions for affordable housing aren't working in London. It's time to look at rent control.
So Sadiq Khan has announced that he will develop a model of rent control for London. It’s a bold move for the Mayor of London and just opening up this conversation shows the extent of the affordability crisis affecting 2.4 million private renters in the city.
London’s rents are absurdly high, eating up ever higher proportions of people’s incomes as the last decade has seen wages stagnating while rents rose. The internationally accepted figure of rent affordability is 30% of income, yet there are only two boroughs in London where average rents are (just) less than 50% of a low-income worker’s wage. Even for private renters in middle and some high wage jobs, the dreaded annual rent rise can force you out of your home and your community, or reduce your savings pushing you further away from homeownership. High rents entrench private renters in financial precarity and erode our communities.
Market solutions to make housing affordable in London aren’t working in London. We’ve all been talking about the building more homes for years, but it just isn’t happening at the scale or speed needed to bring down rents. The economic uncertainty as a result of Brexit isn’t helping the housebuilding industry. It’s time to start looking for other answers.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
If, like me, you wish this generation had its own Joe Strummer or Woody Guthrie, writing protest songs about the social challenges of the day - i.e. bad housing* - well, you're in luck. A new choir of private renters in London, called Section 21, is being announced this Saturday at Royal Festival Hall in London.Read more
This week will mark 50 days since Sadiq Khan was elected Mayor of London in an election that was defined by the capital’s housing crisis. Yet since that point private renters (and indeed all Londoners hit by its failed housing system) have had to wait patiently to hear the detail within the Mayor’s commitments.Read more
London Assembly members voted this afternoon to back Generation Rent's Manifesto. This is a fantastic endorsement of the work we are doing from politicians in the heart of the country's housing crisis.
Two million people - a quarter of the London population - rents from a private landlord, and the unaffordability, poor conditions and insecurity of tenure are all high on the agenda. A poll from the Association of Residential Letting Agents today said that 43% of London's renters have had reservations about their landlord or letting agent on day one of their tenancy.Read more
Newham Council has claimed to be the first local authority in the country to tackle letting agents who are flouting the law.
An initiative by the council to tackle poor practice by lettings agents and protect tenants has helped to improve standards in the profession with the majority of agents now complying with the law.Read more