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Landlords urged to ‘take advantage’ of soaring rents in ‘grotesque’ email

A London estate agent said now is ‘the perfect time to expand portfolios’ as tenants are in ‘fierce competition’

Landlords urged to ‘take advantage’ of soaring rents in ‘grotesque’ email
A London estate agent urged landlords to take advantage of soaring prices | openDemocracy via Adobe Stock/ Pexels. All rights reserved
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A London estate agent has come under fire for encouraging landlords to “take advantage” of soaring rents in a “grotesque” email sent as many face poverty over rising housing costs.

Politicians and housing groups have condemned David Astburys estate agent, which has two branches in north London, for sending a newsletter titled “Rents hit record highs, find out how to take advantage”, which urged landlords to get a “high return on their investment”.

Private rents in the UK have risen by their highest annual rate on record, according to figures from the Office for National Statistics, leading housing economists to warn that renters may be pushed into poverty and homelessness as a result.