A rise in house prices of just 10% sees a 60% rise in evictions for private renters.
According to 24 Housing:
“Analysis by Generation Rent finds that after house prices started falling, the number of no-fault evictions fell shortly afterwards, followed by rents. When house prices started rising again, the number of no-fault evictions followed suit nine months later, having fallen 44%, with rents picking up after that, having fallen 1.3%.
Generation Rent is calling the government to reform the rental market to give tenants better protection from eviction and greater stability in their home, and encourage landlords who are committed to providing long term homes – instead of investors who will sell as soon as the price is right.
Private tenants in England are now 2.5 times more likely to be evicted without their landlord giving a reason than they were during the 2009 recession. “