Do we need to worry about the growth of short-term letting?

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.

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RLA PEARL: A Year in Review

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.

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Supporting private landlords not pushing them out is key for a modern sector of the future
Construction site of a new development in north Greenwich, London

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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Research finds tax changes leading to private renting sell-off
Construction site of a new development in north Greenwich, London

Research finds tax changes leading to private renting sell-off

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State of the PRS – 2017, Quarter 3

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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Rapid Evidence Assessment of Changes to Mortgage Interest Relief in Ireland 1998 to 2016

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The impact of changes to Mortgage Interest Relief on renting to Under 35’s

Our survey findings suggest that around one in five landlords (19 per cent) think that the MIR changes will make them less likely to let to under-35s. More detailed analysis suggests that both the impact of MIR changes and landlord responses to them are likely to vary considerably across different groups.

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