The BBC’s Reality Check service, respected for giving a more realistic assessment of many politicians’ promises, has looked at London mayor Sadiq Khan’s claim that the arguments for rent controls in the capital are “overwhelming.”
While the Reality Check service said this was not the case, it did claim that in certain circumstances rent controls could work for some – but by no means all – tenants.
Its verdict is that rent control “has been helpful for existing tenants in areas with particularly fast-rising rent, but it can be at the expense of new renters. In some places, it has also led to a shortage of supply. While the arguments for rent control are not overwhelming, it is possible that a well-designed policy combined with significant new homebuilding could be effective.”
The BBC looks at the experiences of rent controls in Germany and in San Francisco.