Government Should 'Beware Prescriptive Approach to PRS'

The government should avoid an ‘overly prescriptive’ approach to the private rented sector (PRS) that could dissuade institutional investors, the British Property Federation (BPF) has warned. Launching its election manifesto, the BPF warned future governments to ‘beware an overly-prescriptive approach to rents or leases’ which could deter investment.  ‘To help meet this challenge [of a lack of affordable housing], sophisticated investors such as pension funds are building high quality, purpose-built homes for rent,’ it said. ‘Government should ensure that councils embrace the potential of build-to-rent, and beware an overly-prescriptive approach to rents or leases that could dissuade the largest, professional investors.’ Download a copy of the manifesto from the BPF website.