Buy-to-letNews

Tenants face higher risks

Tenants face higher rents as a result of the demand for private rented housing outstripping supply according to the Royal Institution of Chartered Surveyors (RICS).

The latest survey from RICS showed that demand for private rented housing has increased for an eighth consecutive month.

This comes as supply continues to fall, a trend which RICS says stretches all the way back to 2016.

David Smith, policy director at the Residential Landlords Association (RLA), said: “The government’s approach to the private rented sector is hurting but it is not working.

“Despite its efforts to boost homeownership, demand for now rental properties is continuing to increase.

“It is plain wrong to be making landlords the scapegoat for the housing crisis.

“Ministers need to change tack and introduce a range of pro-growth measures to boost the supply of homes for private rent.

“If they fail it will be tenants who lose out as they face less choice and higher rents.”

 

 

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