Latest Report

Examining Energy Efficiency & Electrical Safety in the Private Rented Sector

The energy efficiency standards of the private rented sector have come under greater scrutiny over the past three years, with new regulations coming into force in April 2018. This means that no property can be let for a new tenancy if it is below an E EPC rating. This report builds upon our previous quarterly reports on the private rented sector and provides the opportunity for a deeper understanding of the issues facing private landlords, tenants and the wider sector.

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The Impact of Taxation Reform on Private Landlords

The past two decades have seen the rapid development and growth of the private rented sector in the UK. Between 2001/02 and 2011/12 the sector has doubled in size and now accounts for 20% of households in England (MCHLG, 2018). The Government are implementing major changes to the taxation of the private rented sector, including changes to mortgage interest relief. This report builds upon previous research into the experiences of landlords and their attitudes toward the future.

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Supporting private landlords not pushing them out is key for a modern sector of the future

Our findings are showing that landlord sentiment to the sector and investments is deteriorating. We estimate on top of the 46,000 privately rented homes that have already been lost (MHCLG, 2018), there will be a further net loss of 133,000 homes to rent. We need to move to a broader but fair reform of private renting; with improved access to justice for landlords and tenants, expanded options for security of tenure, and reformed taxation policy that supports not penalise private landlords.

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PEARL Rental Index – June 2018

London rental price growth has continued to decline, with prices decreasing by 0.2% in the 12 months to May 2018. Overall rental growth is 1.4 points below inflation, and data from across the sector is showing a slow-down in housing transactions and lending in the private rented sector.

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PEARL Rental Index – May 2018

The May 2018 PEARL Rental Index is showing that rental price growth across Great Britain is weakening with rents increasing by 1.0% in the 12 months to April 2018. London rents were unchanged at 0.0% in the 12 months to April, and Consumer Price Index inflation is now at 2.4% down from 3% for January 2018.

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The home for research

PEARL, the RLA’s research lab, was set up to provide high-quality research and analysis on the economic, social and political issues facing the private rented sector.

The RLA believes in the importance of policymakers considering the evidence and the potential consequences in their decision-making. Through PEARL, we provide the expertise, evidence and research, to enable evidence led policy making in the private rented sector.

Our ultimate aim is to influence decision makers to translate our research findings into an improve renting experience. Enabling landlords to do the right thing – for their businesses, their tenants, and the industry as a whole.

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