Living Rent protesters call out ‘immoral’ event which claims to help Edinburgh landlords ‘maximise their profits’

 

Campaigners from tenants’ union Living Rent have branded an Edinburgh workshop which claims to help landlords maximise their profits as “immoral”.

Dozens of activists from the group protested outside of the ‘Making Money From Property’ seminar, which took place inside the Doubletree hotel on Bread Street on Thursday evening.

Protesters pointed to rising rent and the lack of affordable housing in the city, which they say has resulted in a rise in homelessness in the city.

“The event talks about maximising profits, which means maximising rent and parasitically extracting rent from students and tenants across Edinburgh,” campaigner Rufus told EN4 News.

“There’s 12,000 people on the waiting list for a single bedroom council house in Edinburgh alone and about 3,000 people on the streets.

“And so refusing to recognise that this housing crisis is part of this broader landlord movement to increase profits and extract more and more rent from people is immoral.”

Members from the union also repeated calls for the Scottish Government to introduce rent controls.

“The government needs to be held to account. It feels like the wild-west for landlords right now, and I think we need serious rent controls,” Jessica told EN4 News.

“There is a massive homelessness and housing crisis [in the city] and in the fifth richest economy in the world that’s not acceptable in any way.

“Seminars like this where people come and they’re like, ‘just buy a bunch of houses and make a bunch of money’. Houses are not there for you to make money, they’re for people and families to live in.”

Protesters at ‘Making Money From Property’ event (Credit: EN4 News)

Data from the letting agency CityLets shows that Edinburgh has seen the biggest rent rises in Scotland over the past 10 years.

The average rent in the city is £1,131 according to the figures, up from an average of £734 four years ago. In the same period, the average rent in Glasgow increased from £571 to £802.

Although the city’s homeless population has fallen by 20% over the past five years, according to figures published in April 2019, the number of homeless people in Edinburgh remains over 3,000.

The ‘Making Money from Property’ seminar was advertised by BBC presenter and property expert Martin Roberts, although the Homes Under the Hammer star did not attend Thursday’s event.

(Credit: EN4 News)

 

On its website, the event claims to help would-be landlords buy new property at auction, as well as advice on “rental and capital growth strategies” and tips on “how to maximise your profits”.

The organisers of the event have been approached by EN4 News for comment.

Protesters from Living Rent met outside the Cycle Republic shop on Morrison Street before marching to the Bread Street hotel.

Campaigner Eve added: “Housing is a fundamental human right and until you can guarantee that every tenant has a safe place to live, isn’t forced into poverty because of their rent and is protected for a series of legislative rights, then we can talk about pricing.

“But those should come first because it’s about human rights.”

Listen to campaigners explain to EN4 News why they were protesting the event, below. 

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