Introducing rent controls in Manchester would choke of the supply of homes to rent, warns the Residential Landlords Association (RLA).
The warning comes as a new report calls for the Greater Manchester Combined Authority to have powers to implement forms of rent control.
The report published by The Royal Society for the encouragement of Arts, Manufactures and Commerce and One Manchester argues that the government should grant powers for the Combined Authority to establish rent pressure zones to control high rents.
However, the RLA said that all the evidence available shows rent controls lead to a “reduction in the supply of homes available for rent, restricting choice for tenants, lower quality housing and, in some circumstances, an increase in homelessness”.
David Smith, RLA policy director said: “Rent controls are on the face of it an attractive but simplistic and populist approach to the increased cost of housing.In reality they make the situation for tenants worse.All the evidence from around the world where they have been introduced shows that they reduce supply and drive up the cost of housing.
“Having controls on rent is not much help to a person who cannot find somewhere to live because of the cut in the number of properties available. Instead, the Mayor of Greater Manchester needs to work with the private rented sector on how to boost the supply of homes for rent to meet ever growing demand.”