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Rents Jump By 20% As London Mayor Khan Calls For Rent Controls

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Sinopsis

Residential rents in the capital soar by almost 20% as workers return to the city.    London Mayor Khan wants the government to give him powers to impose a cap on rents, but is that the answer or will more regulation exacerbate the shortage of available rental properties?   Tens of thousands of landlords are quitting the market and estate agents Knight Frank estimated that 144,000 landlords have retired in the last year.   See ⁠85,000 UK Landlords have quit the rental market⁠ - ⁠https://youtu.be/NME3nEu8dAQ⁠ Furthermore, higher interest rates and mortgage restrictions have rendered many buy-to-let property deals unviable.   Buy-to-let landlords have had to contend with higher taxes, and more red tape in the last few years, prompting many to look for alternative business opportunities.   Watch video - ⁠https://youtu.be/rxqPIXYaLAc⁠   There are signs that the government may be getting the message.   According to as yet unsubstantiated rumours, the government may be pushing back its planned introduction of