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Podcast: The Property Nomads Podcast
Episode: Rent and price Controls DON'T work - here is a live example!
Description: Rob looks into the repercussions of rent controls in Scotland, highlighting the imminent challenges faced by tenants and landlords alike. He dissects the government's decision to implement price controls and the subsequent impact on the housing market. KEY TAKEAWAYS Rent controls in Scotland are set to expire in April, leading to potential rent hikes and mass evictions. The imbalance between housing supply and demand in Scotland, similar to the rest of the UK, is a key factor driving rent increases. The temporary rent controls implemented during the cost of living crisis have suppressed market forces, leading t...