Warnings that new immigration rules will push up rents

(Source: Reuters)

New government rules could push up rents, landlords have warned. New measures will see landlords required to ensure they are not renting homes to illegal immigrants.

David Newnes, director of LSL Property Services, owners of lettings agents Reeds Rains and Your Move:

The government shouldn’t be putting obstacles in the way of landlords expanding their portfolios when tenants need the private rented sector more than ever. More rules forced upon the industry by government will only make renting less efficient – and ultimately more expensive for tenants. At a time of huge financial pressure this industry has not only survived, but picked up the slack.

Since 2008, landlords have collectively delivered a 10% increase in the number of homes to let, with the average rent rising below the level of inflation.

Sam Bowman, research director at the Adam Smith Institute thinks government is taking the wrong approach to immigration:

Instead of clamping down on illegal immigrants and their employers, the government should expand the number of visas available so immigrants who want to work have an easy path to legal residence. If given the chance to work, immigrants pay more in taxes than they use in services and boost economic growth overall. Making life harder for immigrants will not help anyone.