The Residential Landlords Association (RLA) has warned that growing speculation the mayor of London Sadiq Khan is considering introducing rent controls across the capital risks hurting tenants as well as landlords by damping investment in the private rented sector.
In a letter to Karen Buck, the Labour MP for Westminster North, seen by the Guardian, Khan stated that London needed to adopt a “strategic approach to rent stabilisation and control”, since the arguments in favour of capping rent inflation are becoming “overwhelming”.
It is understood that Khan wants to hand greater powers to local councils in order to give them the ability to tackle overinflated rents.