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It has been a year since we launched RLA PEARL, the RLA's research lab. Scrutiny of the private rented sector is at an all-time high. For #PEARLweek we've been reviewing the past research, and now we look at how we could improve the private rented sector in the future to ensure that it works for both landlords and tenants.
It has been a year since we launched the RLA PEARL, the RLA's research lab. One of our most high-profile research projects has been our investigations into short-term lettings and the movement of properties from the long-term residential market to the short-term holiday market. As part of #PEARLweek, we review our research findings and explore if we need to worry about short-term lettings, read on to find out more.
Our latest research has found that landlords with F or G rated properties are struggling to afford to bring their property up to at least an E rating. We argue that tax reform would improve property conditions by allowing improvements to be tax deductible against income tax, rather than Capital Gains Tax.
The PRS has grown significantly in size over the last twenty years and now plays a vital role in providing a home for those on low-incomes and the homeless. Recently, there have been a lot of policy changes that affect the most vulnerable in society and their ability to access a safe and secure home in the PRS. We review our research and activities to date and look to what the future could hold.
It has been a year since we launched RLA PEARL and we have achieved a lot, especially at a time when the political focus on the private rented sector is intensifying. Read further to find out our most interesting research findings of the past year.
It has been a year since we launched RLA PEARL and in this short time, we have achieved a lot, and at a time when the political focus on the private rented sector is intensifying. In this blog post, we review our activities, successes and impacts over this past year.
Rental price growth in Great Britain remained unchanged from April 2018, with rents increasing by 1.0% in the 12 months to May 2018. London rental price growth continues to decline, with the latest rental index showing rents have decreased by 0.2% in the 12 months to May 2018.
There is a lot of interest in understanding people’s housing aspirations – after all, knowing what people want is the first step to delivering housing that will meet demand. But aspirations are not just about the physical characteristics of a dwelling; they are multi-faceted and encompass practical and emotional factors.
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.