Plans to extend rent caps in Scotland into 2024 will harm investor confidence and hamper delivery of new rental homes, according to the The UK Apartment Association (UKAA).

Patrick Harvie, MSP and minister for zero carbon buildings, active travel and tenants’ rights, today announced the Scottish government’s intentions to extend a rent cap of 3%, which was due to lift at the end of this September for a further six months. 

The extension would mean most in-tenancy private rent increases would continue to be capped at 3% and that enforcement of evictions would continue to be paused for six months for most tenants, except in a number of specified circumstances, until spring next year.