Without private rental sector UK housing would be 'in desperate straits'
|
If the private rental sector was not there to act as a safety net, the UK housing market would be "in desperate straits", one expert has commented.
A spokesman for the National Approved Letting Scheme says that renting gives many people more flexibility.
"Four or five years ago it was always felt that it was imperative to get onto the housing ladder. Now more and more people who could afford to get onto the housing ladder actually prefer to rent," he adds.
His comments come in response to recent findings from the British Property Federation, which revealed that private landlords could be the only way to fill the housing gap in Britain.
During the fourth quarter of 2009, some 41 per cent of members from the Association of Residential Letting Agents reported that they had more potential tenants than available properties.
"Four or five years ago it was always felt that it was imperative to get onto the housing ladder. Now more and more people who could afford to get onto the housing ladder actually prefer to rent," he adds.
His comments come in response to recent findings from the British Property Federation, which revealed that private landlords could be the only way to fill the housing gap in Britain.
During the fourth quarter of 2009, some 41 per cent of members from the Association of Residential Letting Agents reported that they had more potential tenants than available properties.
Categories
Industry News Consumer News The Housing Crisis Commercial Property Loans & Financing Taxes Insurance Legal News Agents & Brokers Developers Contractors & Builders Projects & Investment Building & Improvement Hotels & Resorts Property Management Commentary & Analysis Property Shows & Events Green Building Architecture & Design Luxury Property Home & Garden Vacation Homes United States Canada United Kingdom Europe United Arab Emirates Middle East Israel India Australia & New Zealand China Hong Kong Singapore Japan South Korea South East Asia Central & South America South Africa North Africa Video
Latest Articles
Bangkok property - top tipsBuying property in BangkokBuying condos in Bangkok - Condo buyers guideBuying houses in Bangkok - house buyers' guide42% of Caspian’s units snapped upIs it time for a Correction in the Phuket Property Market?Phuket’s Taj Exotica makes genuine startKanda plans two residential projectsDevelopers add community flavourChone Sophonpanich enters realty
Tags
Newsletter
Get each new article from
Estates Report
Your email:
