Ban on Rental Bidding Wars

This is a England news story, published by BBC, that relates primarily to O'Shea news.

England news

For more England news, you can click here:

more England news

O'Shea news

For more O'Shea news, you can click here:

more O'Shea news

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

BBC news

For more news from BBC, you can click here:

more news from BBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

rental bidding wars

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest rental bids news, advertised rent news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

rental bidding

BBC

•

Ban on rental bidding wars is on the way - but will it work?

Summary

Nutrition label

77% Informative

Housing campaigners welcome plans for a ban on rental bidding wars in England .

Landlords and letting agents would be banned from encouraging or accepting bids above the asking price.

Housing campaigners warn more action will be needed to tackle unaffordable rents.

In Australia , all states now restrict rental bidding in some form - but only Queensland and the Northern Territory have banned landlords and agents from accepting offers above the advertised price completely.

Mr O'Shea says ultimately banning bidding wars is "not going to be the silver bullet that will deal with the affordability crisis for tenants". He says there are concerns that some landlords may simply list their property at an inflated price and accept lower offers if needed. Generation Rent also wants to see tighter controls on how much landlords can increase rents by within tenancies and an increase in the supply of homes, he adds. "We don't have enough homes in the places that people want to live, at rates they can afford to rent.".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful