Britain’s War on Landlords
Westminster’s crusade against property owners will leave tenants with fewer choices and higher costs. This week, the UK Parliament passed the Renters’ Rights Act. It is the biggest shakeup to the British rental market this century, and is being sold as a big win for tenants. This could not be further from the truth. This legislation will wreak havoc on the already fundamentally broken rental market. It introduces de facto rent controls, crushes the supply of housing, and makes life harder for everyone trying to find somewhere to live. So what does this Act actually do? Most damagingly, it ends so-called “no-fault evictions,” or Section.