Decent Homes Standard Expansion: What It Means for South London

Decent Homes Standard Expansion: What It Means for South London

The proposed extension of the Decent Homes Standard (DHS) within the Renters' Rights Bill (RRB) is set to shake up the private rented sector (PRS) in South London. Here's why it matters:

• Compliance Burden: Sián Hemming-Metcalfe from Inventory Base warns of a heavy upgrade burden on landlords. Many may struggle to meet these new standards, risking non-compliance or even exiting the market.
• Long Timelines: The UK Government is proposing long implementation windows, with compliance deadlines stretching to 2035 or 2037. This could create uncertainty for landlords and investors alike.
• Energy Efficiency: New energy efficiency rules by 2030 will add to the pressure. Landlords must prepare for dual compliance, which could strain resources.
• Market Dynamics: Expect a potential rise in property listings as landlords exit the market. Sellers with DHS/EPC-ready homes may command a premium, while buyers could find value-add opportunities in older properties needing upgrades.
• Tenant Impact: While standards should improve, short-term supply and rent pressures may rise. Tenants in South London should be prepared for potential rent increases as landlords pass on upgrade costs.

What's your take on the proposed changes? Are you ready for the compliance challenge ahead?

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