Monday, 22 August 2016

Rental Expert Calls On New Housing Minister To Reverse Tax Changes

The head of the UK's largest property franchise group has called on the new Housing Minister, Gavin Barwell, to reverse 'punitive tax policies' in order to increase supply and demand in the rental sector. Dorian Gonsalves, managing director of 170 branch agency Belvoir, says that George Osborne's 'disastrous anti-landlord policies' are deterring landlords from investing in the market. He says the policies are affecting tenants, too, as restricted rental supply is pushing up rents. Some of the firm's franchises have reported instances of tenants submitting increased rental offers to landlords without being prompted in order to try and secure the property of their choice. Read more on the Homecouk website.

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