Alarmist headlines about evictions should be ignored in favour of hard facts
Earlier this month, the government released statistics for mortgage and landlord repossessions from October to December 2022. The Guardian chose to sum up that announcement with the headline ‘Rental evictions in England and Wales surge by 98% in a year’, implying that England and Wales are in the midst of a rocketing homelessness crisis.
Of course, these figures must be viewed in the context of long-term trends rather than selectively compared to anomalous, post-pandemic data. Readers will recall the temporary restrictions which the government imposed on evictions (and commercial forfeiture) during the pandemic. Repossessions were always going to surge once those restrictions came to an end. Interestingly, however, they still have not reached pre-pandemic levels.
So, while it is true that the final quarter of 2022 did show a near doubling of evictions compared to the same period of 2021, with 5,409 reported repossessions, the figure was still fifty percent lower than the peak in 2014/2015, when there were between 10,000 and 11,000 every quarter.
In the decade before the pandemic moratorium on evictions, there was never a quarter in which fewer than 6,000 evictions were recorded. This suggests that the situation for private renters is, in fact, improving in terms of protections offered to tenants. That only 5,409 evictions were reported is even more remarkable when set against the backdrop of a cost-of-living crisis and surging inflation. Landlords, whose mortgage repayments have in many cases soared in tandem with rising interest rates, have seemingly not been forced to sell their properties in droves; had they been, evictions would have been expected to be far higher than their present rate.
At the same time, tenants – who have been faced with massive price rises in energy bills, food and other basic needs – appear to have defaulted on their rent at a lower rate than many had predicted, resulting in the relatively low number of evictions reported. Without seeking to trivialise the gravity of any forced eviction, that the figures have remained below pre-pandemic levels should be seen in a far more positive light than portrayed in many sections of the press and political arenas. Similarly, the fact that the figures have not climbed above pre-Covid rates, despite the significant backlog in the Courts caused by the nine-month moratorium, offers even more hope that the private rental sector is improving for renters and landlords alike.
The same is true when analysing the MoJ’s mortgage repossession figures, which – despite also climbing year-on-year in the last quarter of 2022 – remain comfortably below pre-pandemic rates. Again, rising interest rates have had a serious impact on borrowers’ abilities to repay their mortgages, at the same time as they already feel the squeeze from the ever-rising cost of living. However, the relatively low number of mortgage repossessions implies that borrowers have been able to weather the storm better than expected throughout the inflationary crisis and suggests that lenders are taking a more responsible and empathetic attitude towards enforcement.
And do spare a thought for commercial landlords, not all of whom are the ‘fat cats’ that certain sectors of the press would have readers believe. They too have had a rough ride over the past few years, particularly as a result of the pandemic. The enforced move to working from home saw a collapse in footfall in city centres, impacting all businesses reliant on the physical presence of consumers, and consequently affecting their landlords, who faced a wave of rental defaults as a result. Landlords were also bound by onerous government restrictions on commercial evictions (forfeiture) and, as a result, had no choice but to allow tenants to carry on renting premises that they weren’t paying for, despite their contractual obligations.
Of course, while some tenants did not pay rent for wholly understandable and unavoidable reasons, forced into default through no fault of their own in the wake of the economic collapse sweeping the country, others such as large retailers with significant online presences and whose turnovers were largely unaffected by the pandemic, took advantage of the restrictions and simply chose not to pay their rent, even though they could afford to.
While many businesses were able to take advantage of emergency measures introduced by the government, including the Coronavirus Job Retention Scheme (furlough) and Coronavirus Business Interruption Loan Scheme, landlords were left largely to fend for themselves.
Whatever your viewpoint, it’s clear that landlords and tenants across the property spectrum have both suffered as a consequence of the pandemic and this has impacted families and businesses alike. While it may be fashionable in certain quarters to apply a reductive ‘landlords bad, tenants good’ stance towards any property-related story, often it pays to delve beneath the headlines, and take a more nuanced view of the situation. Landlords and tenants are both deserving of protection from the current socio-economic situation and focusing on one at the expense of the other does no good for either in the long run.
This article is taken from Property Industry Eye.
Hey would you mind letting me know which hosting company you’re utilizing?
I’ve loaded your blog in 3 completely different web
browsers and I must say this blog loads a lot quicker then most.
Can you recommend a good web hosting provider at a honest price?
Many thanks, I appreciate it!
Can I just say what a relief to find someone that genuinely knows what they
are discussing online. You certainly realize
how to bring a problem to light and make it important. More and more people must look at this and understand this side of
your story. I was surprised you are not more popular
because you most certainly possess the gift.
Wonderful blog! I found it while surfing around on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Cheers
When someone writes an paragraph he/she retains the idea of a user in his/her mind that how a user
can be aware of it. Thus that’s why this post is outstdanding.
Thanks!
I read this article fully concerning the comparison of latest and earlier technologies, it’s amazing article.
hello!,I like your writing so so much! share we be in contact extra about your post on AOL?
I need an expert in this area to unravel my problem.
Maybe that is you! Having a look forward to peer you.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
If you find someone special, visit a catalog of real presents to surprise a woman
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
I know a lot of folks whom I think would really enjoy your content that covers in depth. I just hope you wouldn’t mind if I share your blog to our community. Thanks, and feel free to surf my website Webemail24 for content about Bitcoin.
Superb layout and design, but most of all, concise and helpful information. Great job, site admin. Take a look at my website Seoranko for some cool facts about Perfumes.
With your post, your readers, particularly those beginners who are trying to explore this field won’t leave your page empty-handed. Here is mine at ArticleHome I am sure you’ll gain some useful information about Social Media Marketing too.
Nice post! You have written useful and practical information. Take a look at my web blog Autoprofi I’m sure you’ll find supplementry information about Used Car Purchase you can gain new insights from.
I like the comprehensive information you provide in your blog. The topic is kinda complex but I’d have to say you nailed it! Look into my page Articlecity for content about Gasoline/Fuel.
I like the comprehensive information you provide in your blog. The topic is kinda complex but I’d have to say you nailed it! Look into my page Articleworld for content about Search Engine Optimization.
Having read your blog, you obviously know what you are talking about. I’m sure visiting my page Article Sphere about Wealth Management Solutions will be worth your time!
Enjoyed every bit of your postThanks Again Cool
Thanks – Enjoyed this update, can I set it up so I get an alert email every time you write a fresh update?
whoah this blog is wonderful i love reading your articles Keep up the great work! You know, lots of people are searching around for this information, you could aid them greatly
Great job site admin! You have made it look so easy talking about that topic, providing your readers some vital information. I would love to see more helpful articles like this, so please keep posting! I also have great posts about Thai-Massage, check out my weblog at YR4
200 GEL AESCINA BAWISS BAWISS Pote x 25 g 7 priligy seratonin The Myth of Adrenal Fatigue
общая психология это
DMCA hosting Google SEO sayesinde online satışlarımız arttı. https://www.royalelektrik.com/fatih-elektrikci/
Gaskan terus buat kau ya ANJINGLAH
I like how well-written and informative your content is. You have actually given us, your readers, brilliant information and not just filled up your blog with flowery texts like many blogs today do. If you visit my website QN9 about Cosmetics, I’m sure you can also find something for yourself.
Your article helped me a lot, is there any more related content? Thanks!
Geothermal HDPE Pipes in Iraq Elite Pipe Factory in Iraq is at the forefront of providing advanced geothermal HDPE pipes, designed specifically for efficient and sustainable geothermal energy systems. Our geothermal HDPE pipes are crafted to offer excellent heat resistance, flexibility, and longevity, making them perfect for ground-source heat pump systems and other geothermal applications. With a commitment to quality and innovation, Elite Pipe Factory stands out as one of the leading and most reliable manufacturers in Iraq. We ensure that our geothermal HDPE pipes meet the highest industry standards, offering superior performance and durability. Discover more about our geothermal solutions by visiting elitepipeiraq.com.
kepritogel kepritogel kepritogel kepritogel
Thanks for any other great post. The place else could anybody get that type
of information in such an ideal manner of writing? I’ve a
presentation subsequent week, and I am on the search for such info.
Casino ve bahis SEO çalışmaları sayesinde daha fazla potansiyel müşteri web sitemize ulaşıyor. http://www.royalelektrik.com/
http://www.homes.ru/news_page/v-germanii-vozrojdaetsya-spros-na-zagorodnuyu-nedvijimost-839.html
Great Article bro, taik itu enak
selamat datang di togel online terbaik, https://pilrek.unri.ac.id/toto/ resmi dan terpercaya
selamat datang di togel online terbaik, https://tp.fkip.ulm.ac.id/toto/ resmi dan terpercaya
Superb layout and design, but most of all, concise and helpful information. Great job, site admin. Take a look at my website QH6 for some cool facts about Airport Transfer.
selamat datang di togel online terbaik, https://elibrary.sulteng.bawaslu.go.id/file/kerja/ resmi dan terpercaya
Takipçi artırma ipuçları Google SEO sayesinde müşteri memnuniyetimiz arttı. http://royalelektrik.com/esenyurt-elektrikci/
alexistogel login alexistogel login
alexistogel login
Thanks , I’ve recently been looking for information approximately
this topic for a long time and yours is the greatest I have came upon so far.
But, what about the bottom line? Are you sure concerning the supply?
hilang kau, hilang kau hilang kau
dari muka dunia, hilang kau dari muka bumi
dari muka dunia, musnah dari muka bumi
Trafik manipülasyonu Google SEO, arama motoru sonuçlarında görünürlüğümüzü artırdı. http://royalelektrik.com/beylikduzu-elektrikci/
https://realcheb.ru/content/pages/astrologicheskie_cikly_kak_instrument_samopoznaniya_ot_lunnyh_faz_do_vozvrascheniya_satur.html
Hızlı ve güvenilir takipçi SEO optimizasyonu, web sitemizin performansını optimize etti. http://www.royalelektrik.com/beylikduzu-elektrikci/
игра Лаки Джет для опытных игроков https://raketa-igra.fun/
Üsküdar lavabo tıkanıklığı Klozet tıkanıklığı için çağırdık, 30 dakikada gelip sorunu çözdüler. https://yasqueencommunity.com/blogs/711/%C3%9Csk%C3%BCdar-Kanal-T%C4%B1kan%C4%B1kl%C4%B1%C4%9F%C4%B1-A%C3%A7ma
Используйте зеркало для обхода блокировок на https://888starz-russia.online
+ В конфликте с родителями, общение
холодное или его нет вовсе
+ Тащите всё на себе, нет времени на жизнь
+ Много делаете и стараетесь, но результаты
уже не приходят так, как раньше
+ Больше не испытываете эмоций
+ Одиноки, нет друзей и сложно строить отношения с людьми
+ Добились результатов в жизни, но не чувствуете счастья
+ Вечно в поиске себя, не знаете
чем заниматься или боитесь идти в свою реализацию
+ Не можете построить долгие
отношения, проще без них, партнёры всё
время не те
+ Больше не испытываете эмоций
+ Больше не испытываете эмоций
+ В конфликте с родителями, общение холодное или его нет вовсе
+ Чувствуете, что страсть и любовь ушли из отношений
+ Больше не испытываете эмоций
+ В конфликте с родителями,
общение холодное или его нет вовсе
+ Чувствуете, что страсть и любовь ушли из отношений
https://t.me/s/psyholog_online_just_now
Ищете, как отправить мебель из Новосибирска в Кемерово? Попутные грузы помогут вам https://vk.com/gruz_poputno
Thank you for sharing this information! If you need some details about Airport Transfer than have a look here QU9
Ищете бонусы в 1xSlots? Воспользуйтесь промокодом LEGAL1X и скачайте APK через @android_1xslots https://t.me/android_1xslots
Активируйте промокод ANDROID777 для 7k Casino и скачайте APK через телеграм канал https://t.me/casino_7kk
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
Если основной сайт недоступен, воспользуйтесь рабочим зеркалом 1xslots https://1xslots-russia.top/zerkalo/
demo slot pg demo slot pg demo slot pg
What’s up it’s me, I am also visiting this web page daily, this web page is actually pleasant and the visitors are really sharing
good thoughts.
You rocked this subject and have astounding insights. I also work hard in putting together great content about Thai-Massage, feel free to visit ZQ3
Üsküdar mutfakta su kaçağı Teknolojik cihazlarla su kaçağını buldular ve çok profesyonel çalıştılar. https://network.musicdiffusion.com/read-blog/15187
https://newsite.qualitygems.it/index.php/2024/10/07/rustore-oficialnyj-magazin-prilozhenij-dlja-2/
Discover new free social slots at CorgiSlots and compete in daily tournaments with friends
Üsküdar profesyonel tesisat Kırmadan su kaçağı tespit ettiler, işçilik çok temizdi. Tavsiye ederim. https://www.gumrukmedyasi.com/blogs/363/%C3%9Csk%C3%BCdar-Su-Ka%C3%A7a%C4%9F%C4%B1-bulma
Malatya uydu montajı Uyducu Malatya fiyatları gayet makul, verdiğiniz paraya değiyor. https://sky-metaverse.com/read-blog/23396
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
filtre değişimi Bakım sonrasında süpürgemin performansı arttı. https://evahno.com/ustaelektrikci