report found there were just 716 homes available to rent nationwide on August 1st, down from almost 2,500 a year ago. The acute shortage of supply represents the lowest number of available rental properties since the reports began in 2006.
“Increased supply of accommodation is the only solution to the housing crisis, rent control reduces the supply of available accommodation, the evidence is clear; with increasing landlords leaving the sector since its introduction,” she said. “While the professional rental sector has added more than 7,000 new rental homes in the last five years, this is small relative to the fall of 30,000 in rental listings each year in the traditional rental sector in the same period or the fall of 100,000 listings per year since 2012,” he said.“Further, while nearly 23,000 are under construction, the remainder are earlier in the process and the growth of legal challenges to new developments presents a threat to addressing the rental scarcity.
Ahhhh the classic IT landlord article in response to the news that rents have increased in the last year at record rates. WTF are you on about people vilifying landlords
Wouldn't be vilified if they weren't so predatory
They can take their plus 12% and get lost.