The UK rental rights don't really have rent controls as they're normally conceived: the two limits are rent can only go up once a year and that it must be roughly in line with similar properties in the market or area, i.e. explicitly rents follow the market.
The renters rights act is already seemingly leading to distortion in the market - it's not really the price controls as per se but the inability to do things when the tenant is in place.
Comments
The UK rental rights don't really have rent controls as they're normally conceived: the two limits are rent can only go up once a year and that it must be roughly in line with similar properties in the market or area, i.e. explicitly rents follow the market.
The renters rights act is already seemingly leading to distortion in the market - it's not really the price controls as per se but the inability to do things when the tenant is in place.
the distortion is the slow euthanization of the parasitic buy to let landlord class and a decline in property prices to more affordable levels.