Estate agents in pricey London borough warned not to encourage rental bidding wars
Briefly

"ACORN Southwark, a community union which has campaigned for estate agents in the borough to end the practice, said the motion would strengthen protections for local renters until the government's Renters' Rights Bill comes into force. The bill, which is currently making its way through parliament, is set to ban so-called bidding wars, but campaigners such as ACORN Southwark have argued that the ending of the practice can't come soon enough amid the cost of living crisis."
"Cllr Sam Foster, member for Faraday ward, said: Exploitative bidding wars are worsening London's housing crisis and it's time for them to be banned. The broken housing market has been stacked against renters for a long time and I'm proud that Southwark is standing up for private renters and working with renters' rights groups like ACORN."
Read at www.standard.co.uk
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