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Contrasting Varieties of Private Renting: England and Germany

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  • Peter Kemp
  • Stefan Kofner

Abstract

After many years of decline, the private rental sector has increased in England, but remains a relatively small part of the housing market. Free market rents and weak security of tenure are widely regarded by private landlords and policymakers in England as essential preconditions for a commercially viable private rental housing market to exist. And yet in Germany – which has a very large private rented sector – ‘soft’ rent regulation has been in place since 1971 and tenants have very strong security of tenure, conditions that in England would be seen as inimical to investment in the sector. The aim of this paper is to address this puzzle. It asks: how is it that free market rents and weak security of tenure are perceived to be vital ingredients for a successful private rental sector (PRS) in England, when neither exists in Germany, which has a very large PRS?

Suggested Citation

  • Peter Kemp & Stefan Kofner, 2010. "Contrasting Varieties of Private Renting: England and Germany," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(4), pages 379-398.
    • Handle: RePEc:taf:intjhp:v:10:y:2010:i:4:p:379-398
    DOI: 10.1080/14616718.2010.526401
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    Cited by:

    1. Nick Gallent & Dan Durrant & Neil May, 2017. "Housing supply, investment demand and money creation: A comment on the drivers of London’s housing crisis," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2204-2216, August.
    2. Caroline Dewilde, 2018. "Explaining the declined affordability of housing for low-income private renters across Western Europe," Urban Studies, Urban Studies Journal Limited, vol. 55(12), pages 2618-2639, September.
    3. Christian Dustmann & Bernd Fitzenberger & Markus Zimmermann, 2022. "Housing Expenditure and Income Inequality," The Economic Journal, Royal Economic Society, vol. 132(645), pages 1709-1736.
    4. John Bone, 2014. "Neoliberal Nomads: Housing Insecurity and the Revival of Private Renting in the UK," Sociological Research Online, , vol. 19(4), pages 1-14, December.
    5. Cody Hochstenbach & Richard Ronald, 2020. "The unlikely revival of private renting in Amsterdam: Re-regulating a regulated housing market," Environment and Planning A, , vol. 52(8), pages 1622-1642, November.
    6. Sibylle Braungardt & Veit Bürger & Benjamin Köhler, 2021. "Carbon Pricing and Complementary Policies—Consistency of the Policy Mix for Decarbonizing Buildings in Germany," Energies, MDPI, vol. 14(21), pages 1-14, November.
    7. Luís Mendes, 2022. "The Dysfunctional Rental Market in Portugal: A Policy Review," Land, MDPI, vol. 11(4), pages 1-17, April.
    8. Muczyński Andrzej & Walacik Marek, 2016. "Neural Networks Modelling of Municipal Real Estate Market Rent Rates," Folia Oeconomica Stetinensia, Sciendo, vol. 16(2), pages 17-28, December.
    9. Ira Gary Peppercorn & Claude Taffin, 2013. "Rental Housing : Lessons from International Experience and Policies for Emerging Markets," World Bank Publications - Books, The World Bank Group, number 13117.
    10. Kim Mckee & Tom Moore & Adriana Soaita & Joe Crawford, 2017. "‘Generation Rent’ and The Fallacy of Choice," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 41(2), pages 318-333, March.
    11. Marek Bryx & Janusz Sobieraj & Dominik Metelski & Izabela Rudzka, 2021. "Buying vs. Renting a Home in View of Young Adults in Poland," Land, MDPI, vol. 10(11), pages 1-31, November.

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