Lack of supply a threat to rentals
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.”