A new survey has shown that landlords and renters in the UK have different opinions about the private rental market.
Landlords, who own rental properties, feel that the government has put in too many rules, while renters, who live in the properties, think there should be more rules to protect them.
The survey asked 2,000 adults and found that 63% of landlords think there are too many rules, but 73% of renters want more protection and stricter rules. Landlords also feel that the government is unfairly punishing them, while renters want the quality of rental properties to be improved. Most renters also think they should be able to get some of their rent money back if they live in a poorly maintained property and want rent prices to be controlled. Many renters also prefer long-term rentals, where they can stay in the same place for a few years.
The government’s plan to stop landlords from evicting renters without a good reason also has a lot of support from renters. The CEO of the company that did the survey, Market Financial Solutions, said it’s important to find a balance between protecting renters and not making it too hard for landlords.
What does that mean for us? It means that it’s a better time to buy rental stock than it has been in maybe a decade as there is turnover in the market and housing continues to be one of the strongest asset classes in existence.
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