The UK is facing a shortfall of 1.8m rental properties
unless the government acts fast to slow a sharp drop in the number of available
homes, according to a leading housing industry body. The Royal Institution of
Chartered Surveyors (Rics) called on the government to drop reverse stamp duty
changes on second homes and consider incentives for build-to-rent schemes,
after it found a drop in property investors’ appetite to add to their buy-to-let
portfolios. The private sector has taken over from councils and housing
associations as the biggest provider of rented homes, but Rics found that
sales had slowed over the summer, after changes to the stamp duty rules. Read
more on the Rics website.
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