Minister Admits There Are Not Sufficient Rental Properties

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Responding to an acknowledgement from the Minister for the Personal Rented Sector “that demand is at present outstripping the availability of properties accessible to let”, Chris Norris, Coverage Director for the Nationwide Residential Landlords Affiliation, stated:

“We welcome the Minister’s recognition of the availability disaster within the personal rented sector, however the Authorities must rectify the errors it has made in inflicting this.

“Since 2015 successive Chancellors have sought to choke off funding available in the market with a collection of tax hikes. All this has achieved is to chop provide while demand continues to soar for fewer and fewer properties. The final word losers on this are tenants, who’re discovering it tougher to entry the houses they want.

“We can’t proceed to limp alongside with no pro-growth technique which embraces tax measures to assist funding and guarantee renters can discover a place to name residence.”



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