simple answer - nowithout that is there any way to bring it up near market rent
But at some point the rent will have to be reset by taking it off the market. With the 2% of HICP (whichever is lower) your property is basically going to be stuck at 60% of market value forever more.Therefore, without continuing on with the calculations, it would take you until February 2028 until you were actually financially better off leaving your property empty for the next 2 rooms to circumnavigate the RPZ rules.
Only if owner was also resident and it was 'rent-a-room'.Would renting it by per room basic get around this issue ?
Yes your correct,I meant renting on a room by room & not by owner occupied room schemeI presume that @Pinoy adventure means renting individual rooms in the house rather than the house as a whole, not the owner occupier rent a room scheme?
I can't imagine this would be a runner for the OP; I'm also not convinced, if challenged, that it would pass the rent controls element.Yes your correct,I meant renting on a room by room & not by owner occupied room scheme
But at some point the rent will have to be reset by taking it off the market. With the 2% of HICP (whichever is lower) your property is basically going to be stuck at 60% of market value forever more.
I live in the UK
I was not aware there was a rent pressure zone there
Is there any way around this at all ?
Well rents could and hopefully will drop relatively similar to the last bust. At that point they'll drop it and no-one will even notice.I think 2% or HICP (whichever is lower) is going to be with us for a decade or more. No politician will be brave enough to legislate for rent increases any time soon. You will be stuck well below market rent for a very long time.
2008 to 2011 rents "only" dropped 20% in one of the worst ever economic downturns to ever occur in a developed economy. Since then they are up 75%.Well rents could and hopefully will drop relatively similar to the last bust.
What does the graph tell you about the effectiveness of RPZs?Poor landlords and their hardship of RPZ being imposed.
Very little either way!What does the graph tell you about the effectiveness of RPZs?
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