LONDON As millions return to work this week, new research has revealed that public opinion on rent controls which would limit what landlords can charge has shifted dramatically. Shelter, a housing and homelessness charity, warns that 60% of people are struggling to meet their housing costs. Fewer than 10% of Brits are opposed to rent controls on privately rented housing; a recent survey for Generation Rent conducted by Survation found that 59% backed rent controls, with only 7% in opposition (34% had no opinion).
“The high level of support from home owners indicates concern and sympathy from an older generation for a largely younger generation condemned by high house prices to a lifetime of rent slavery,” Generation Rent director Alex Hilton said, noting that private sector renters are spending upwards of 40% of their incomes on rent.
“By supporting rent control, politicians have an opportunity to do something that will have real, beneficial impact to millions of people while at the same time saving the taxpayer money through the Housing Benefit bill, £9 billion of which goes straight into the pockets of private sector landlords,” he added.
Here’s a look at what £1,000 ($1,500) will currently get you across the UK. As in the U.S., location is a major factor determining what you can get for your money.
Consisting of one double bedroom, a bathroom, a living area and a kitchen, this flat comes furnished (presumably not with the towels and laundry in the photo) and is close to Canonbury station in north London. Read more…