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Rent controls counter-productive, says PRS Champion

The Scottish Government’s move to allow the introduction of local rent controls in so-called pressure areas is counter-productive to its aim of significantly expanding capacity in the Private Rented Sector (PRS) by attracting institutional investment to deliver large-scale, purpose-built development.  

PRS Champion Gerry More (right), who recently submitted his recommendations to the Scottish Government on the action which needs to be taken in order to achieve the delivery of up to ten thousand new privately rented homes over the remainder of the decade, said:

“Key to my proposals to the Scottish Government is for a regulatory framework that is supportive of investor needs, including the requirement for rents to be responsive to market conditions.  

“Whilst a simpler, streamlined and fairer tenancy system is welcome, this should not be to the detriment of building the high quality and professionally managed homes in the private rented sector that are required to help meet demand.

“I am therefore concerned that this move could prove counter-productive since these pressurised areas are exactly where investment to increase the supply and quality of PRS properties is needed most.”

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