Launching his bid for re-election as Mayor of London, Sadiq Khan told supporters of his plan to introduce a rent cap in the capital. The mayor said, “I am making the mayoral election on 7th May a referendum on rent controls – showing Londoners that I will stand up for renters. The prime minister will have to give us the powers we need, because if he refuses to do so he will be denying the express democratic will of millions of Londoners.”
Opposition to the plans were swift to emerge, however. The Residential Landlords Association stated that the mayor’s proposals come at a time when demand for private rented accommodation in the capital is outstripping supply with 6.1 prospective tenants for every rental listing.
David Cox, Chief Executive of ARLA Propertymark, said, “Rent controls do not work; it hits hardest those its designed to help the most, and the Mayor of London has failed to learn the lessons of history.”
Full story available from TheNegotiator: https://thenegotiator.co.uk/not-again-mayor-of-london-calls-for-rent-controls-as-he-launches-re-election-bid/
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