The simple fact is that the cost of being able to rent your property to private tenants is being pushed up as a result of policy.
It should therefore be of little surprise that latest reports on the private rental sector show that almost a third of tenants have seen rent increases in September 2018, up from the previous two years. Now, although the government has been consistently vocal on tackling the issues that tenants face with rogue landlords and short leases, the reality is that the measures taken against landlords are ultimately having a knock-on impact on the very people that politicians are purportedly trying to protect and help.
Considering our market in West London, this is already highly competitive with many agents for landlords to choose from with agency fees driven down close to the base line for existence. As soon as both landlord and agent are pushed towards financially untenable positions, it follows that the only place left to fill these holes is through upwards pressure on rents.
With no let up in the pace of 'policy' which acts to transfer private landlord profit into government pockets and without a significant injection into stock built for renting, whether private or council-lead, the government is failing to move the levers that will actually help tenants across the UK.