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.
‘Are you building communities or just houses?’: human cost of Birmingham
council’s plans for Druids Heath estate
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Residents say they face being priced out or pushed out as 1,800 properties
are demolished – with only a fraction of affordable homes guaranteed
Xylia Leg...
9 hours ago
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