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Propertymark Say Rent Controls Just Won’t Work

In the pursuit of securing a path towards adequate housing, including fair rents and affordability, the Welsh Government recently published the Summary of Responses to the Green Paper Call for Evidence. This summary sheds light on crucial insights garnered from 371 responses, covering a spectrum of topics such as understanding rents, tenant and landlord behaviour, affordability, and approaches for improving housing adequacy over time in Wales.

Affordable housing stands at the forefront of these discussions. The Welsh Government acknowledges the significant challenges many face in meeting their rental obligations, evident from statistics reflecting rental costs and arrears. Seeking a clearer understanding of the affordability of renting in Wales is paramount to crafting effective solutions. Propertymark, an advocate for accurate data collection, proposes a Welsh housing survey akin to its English counterpart to enhance data availability and inform policy decisions.

One contentious issue that emerged from the responses is the debate surrounding rent control measures. While some advocate for their implementation, citing concerns about rising rents and housing insecurity, others express reservations, drawing parallels with instances where rent controls have failed in other regions. Propertymark aligns with the latter sentiment, asserting that rent controls could exacerbate housing shortages by driving landlords away from the Private Rented Sector (PRS). Research conducted by Propertymark indicates overwhelming opposition to rent controls among surveyed agents in Wales.

Amidst these deliberations, the overarching consensus is the urgent need to address the inadequacy of housing supply. Many responses to the Green Paper underscore the importance of prioritizing actions that alleviate barriers to increased adequate housing. Ensuring that homes are safe, secure, and affordable remains a fundamental goal. Gathering evidence on what constitutes adequate housing and whether it meets the diverse needs of residents is crucial for informed policymaking.

As Wales navigates the complex landscape of housing policy, the insights gleaned from the Green Paper responses provide valuable guidance. Balancing the imperatives of affordability, fair rents, and housing adequacy requires a multifaceted approach, one that prioritizes evidence-based decision-making and collaborative efforts between government, stakeholders, and communities. By addressing these challenges head-on, Wales can pave the way towards a more inclusive and sustainable housing future for all its residents.

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