PRS 4 Scotland is an alliance of people and businesses who want to see a strong, modernised and sustainable PRS in Scotland serving tenants and enhancing supply by contributing to the nation’s housing stock. It currently includes agents, landlords, portals and investors, led principally by DJ Alexander, Rettie & Co, Cullen Property, Dan Cookson, Braemore, Lettingweb, and Citylets.
We are concerned that the current debate has largely focused on the issue of rent controls which we believe will hinder investment in the sector, dis-incentivising small and large landlords from participating and/or maintaining their properties to a high standard. This risks a drying up of supply and limiting choice for tenants, as well as depleting the quality of Scotland’s housing stock. We also feel the debate has been led by interest groups which appear to have insufficient appreciation of the damage to the PRS poorly drafted reforms have the potential to do.
Housing is one of the most critical issues in Scotland and only with appropriate levels of supply to meet the demand, can Scotland build a PRS that meets the needs of its people across the income spectrum.
- We believe in a thriving, vibrant and investable Private Rented Sector (PRS) to help to serve Scotland’s growing housing needs and boost housing supply, the lack of which is the main reason behind reduced housing affordability.
- We believe that the Scottish Government should continue with its moves to deal with anti-social tenants and rogue landlords. We support the Landlord Registration scheme and believe it should be enforced more thoroughly by local authorities in order to prevent rogue landlords from renting out property.
- We believe that the Scottish Government should listen to both tenant and landlord representatives in the debate over the future of the sector to ensure an even-handed and fair approach to policy.
- We believe that there is a role for small and large investors to supply Scotland’s tenants with the property they need. Bringing large-scale private investment into Scotland to build for sale, as well as rental property, is the potential ‘game-changer’ in helping to remedy Scotland’s serious supply shortages.
- We believe that many of the Scottish Government proposals for a new PRS tenancy will enhance security and flexibility for both tenants and landlords and we want to build on that consensus.
- We believe, however, that rent controls will hinder investment in the sector, dis-incentivising small and large landlords from participating and/or maintaining their properties to a high standard. The consequence of this will be a drying up of supply and limiting choice for tenants, as well as depleting the quality of the stock.
- We believe that the use of a single de-facto unlimited tenancy will prevent the student, festival and other time specific occupier lettings markets from functioning effectively, with serious economic consequences possible as a result.