The final State of the PRS report for 2019 looks at the investment landlords have made to meet the needs and expectations of their tenants. The survey also investigates attitudes to Good Landlord schemes and Property MOTs as a lighter-touch alternative to licensing. Finally, flooding dominated the news at the end of 2019. This report examines the issue of flooding in the PRS.
In September 2019, the RLA launched its third quarterly survey of the year. This survey looked at issues related to tax, finance & the wider supply side of the Private Rented Sector (PRS). With the survey being launched at a time when a General Election was becoming a stronger possibility, the survey also asked landlords to comment on potential policy issues including "Right to Buy" and the promotion of energy efficiency measures.
The RLA teamed up with the Scottish Association of Landlords (SAL) to give landlords and letting agents in Scotland a chance to give their views on the recent tenancy and possession reforms introduced by Holyrood. The system is new, there are concerns but there are clearly elements of the new system which are welcomed. However there is still much to do before landlords would agree the new system could be considered "a success".
The RLA, in association with the Scottish Association of Landlords (SAL), conducted research in Autumn 2019 focusing on the nation's recent Private Rented Sector (PRS) reforms. A survey asked Scottish landlords - and letting agents - their views on the reforms. The new system was given a cautious welcome: the on-line support for new tenancies was notably well received. However concerns about the changes to a landlord's right to regain possession continue.
This is the first full edition of the RLA's Landlord Confidence Index (LCI). The LCI provides a snapshot of the actions and likely future response of landlords to the current market environment. The LCI is drawn from a national (England & Wales) survey of around 2,000 landlords.
This RLA report documents the experience of cities which have been subject to some form of rent control. The paper highlights the inescapable truth that rent controls simply do not work. It does not matter whether or not a city has rent controls - a lack of new social housing and flat real wage growth help explain rising housing costs.
Across Western Europe and North America there is continued interest in applying rent controls in the Private Rented Sector (PRS). The RLA has looked at the experience of rent controls in Europe and the USA. Rent control policies where they exist have not slowed down rent growth - indeed the opposite may be true.
This 'State of the PRS' survey focuses on the experiences of landlords at a time when they face increasing regulation and are also feeling the effects of the recent tenant fees legislation. Over 2,700 responses were collected. The results of the survey also feeds into our Landlords' Confidence Index - see the Observatory page for more information.
Research from the RLA reports on the impact of Capital Gains Tax. CGT traps landlords into holding property longer than planned, the tax and, in doing so, holds back a functioning property market. The tax reduces property investment as well as the volume of properties available to purchase.
Whilst the IPHRP - the ONS's measure of price growth in the PRS continues to grow. The RLA argue price growth is fragile and weaker than in the wider economy.