It points out that in the past 15 years, the percentage of UK households living in the private rented sector has doubled to more than 20 per cent, as the number of homeowners and social renters has fallen. In the absence of government reforms, it claims there would have been a greater supply of rental properties, leading to a downward pressure on rents. Ironically, as a result of the government’s reforms, landlords have been pushed out of the market and deterred from taking out new loans, so a shortage of rental properties could yet drive up rents and apply upward pressure on yields.
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