Net Loss Of 133,000 Homes To Let In Coming Year

A trade body says the country faces a net loss of 133,000 homes for private rent over the next year - and only a radical rethink on lettings taxation can avoid it. That’s the view of the Residential Landlords Association, which says that government figures themselves show a loss of 46,000 private rented properties in England alone between March 2016 and March 2017. The RLA says that based on questioning over 2,600 landlords, no fewer than 84 per cent have seen tenant demand increasing or at least remaining stable - and this is despite some years of policies which, the association claims, have been geared to increasing owner occupation. Read more on Letting Agent Today.

https://www.lettingagenttoday.co.uk/breaking-news/2018/7/net-loss-of-133-000-homes-to-let-in-coming-year-trade-body-warns?source=newsticker