Lack of sup­ply a threat to rentals

Yorkshire Post - Property - - PROPERTY -

The UK is fac­ing a se­vere hous­ing short­age, with not enough rental prop­erty to meet de­mand, ac­cord­ing to the As­so­ci­a­tion of Res­i­den­tial Let­ting Agents (ARLA).

Op­er­a­tions man­ager Ian Pot­ter says: “There sim­ply isn’t enough hous­ing stock com­ing on to the rental mar­ket. We need to see tan­gi­ble mea­sures to sup­port the pri­vate rented sec­tor. In­vestors need to be treated as busi­nesses, with proper in­cen­tives to in­vest in and re­fur­bish older prop­er­ties. This will im­prove stan­dards and en­cour­age much­needed in­vest­ment to help get the mar­ket back on its feet.

“Banks need to be told to be more flex­i­ble about the pro­vi­sion of fi­nance.”

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