Choking Off PRS Investment Is ‘Folly’

The RLA says choking off PRS investment is “folly” in the face of falling rates of homeownership among young people. A report from the Institute for Fiscal Studies (IFS) shows that just 27% of 25-34 year olds with incomes in their middle 20% for their age are homeowners compared with 65% in 1995/96. David Smith, RLA policy director, said such a huge increase means not only more young people renting – but for longer periods. This shows the folly of government policy imposing higher taxes to deter investment in new homes to rent.” Read more on 24housing.

http://www.24housing.co.uk/news/choking-off-prs-investment-is-folly-as-home-ownership-plummets-for-25-34-year-olds/