Renters' Rights Bill: Inflation
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the Renters' Rights Bill on levels of inflation in (a) the next six months and (b) the six months following the commencement of the Bill's provisions.
Answered by Matthew Pennycook
The government published a Renters’ Rights Bill Impact Assessment on 22 November 2024, which indicated that a landlords’ ability to increase rents is highly variable and depends on supply and demand as well as wider market conditions, including the quality of their property compared to others in the local area. The evidence also shows that landlords value good tenants – and are therefore less likely to raise rents for sitting tenants.
In addition, for landlords that already provide decent homes and a prompt repair service to their tenants, the costs of our reforms are estimated to be just £22 per rented property annually – only 0.2% of mean annual rents.
We have set out how we are developing our monitoring and evaluation approach for the reforms in the Renters’ Rights Bill Impact Assessment. We will continue to monitor trends across the private rented sector to understand how it is responding to our reforms.
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