Posted 9th October

Report on Section 21 predicts decline in rental stock

9th October 2019 - 10:30am
Section 21, UK property, landlords, property developers, property developing news, National Landlord Association, Capital Economics, KBB, KBBDaily,

The latest report from Capital Economics, an independent economic research platform, has published findings from a report which investigates the impact that abolishing Section 21 – concerning eviction notices – could have on the private rented sector.

The report, commissioned by the National Landlord Association, suggests that the abolition of Section 21 could lead to a 20% decline in rental stock across the private rental sector, with those on housing benefit or Universal Credit worst hit with a 59% reduction in available properties. It also suggested a 13% increase in rental costs.


Tom Gatzen, the co-founder of room share platform Ideal Flatmate, commented, “For far too long there has been an overreliance on the rental sector to house those that can’t afford to buy as a result of the Government’s consistent failure to provide more affordable housing.


“We’ve already seen the rental landscape evolve with more renters having to rent rooms rather than outright properties due to high financial barriers, and the abolition of Section 21 will only see this increase as demand grows and the number of available properties declines.


“While the latest shake-up of the sector has been done with the best intentions of tenants at its core, such a drastic move needs to be better thought through and complemented with additional policy changes, to ensure the sector remains viable for the landlords that form its foundations.


“As it stands, those most in need are in line to be hit the hardest, while the rest of us will see yet more of our income go towards covering our rent.”


Related articles

Virtual Worlds supports Rowan Varey Memorial Fund this Christmas

Posted Friday |

The kbb CAD software brand is selling Christmas cards to support the charity

GROHE named as one of Germany’s top three sustainable companies

Posted Friday |

GROHE received the accolade at the German Sustainability Awards

Kitchen fitters deemed ‘most unprofessional’ tradespeople in recent survey

Posted Friday |

The UK economy missed out on £6 billion a year because Brits ‘fear shoddy tradespeople’

Metallics and ‘moody tones’ to dominate 2020 bathroom design

Posted Friday |

Methven UK also named statement lighting as an emerging bathroom trend


in the spotlight

TKC’s Jigsaw brand with the best off the shelf offer for complete kitchens?

popular articles

Revealed: Instagram’s top 20 bathroom trends

AO forms new logistics partnership with Aldi