Perhaps instead of the "need for landlord investment to increase stock and help achieve a healthier supply and demand balance in the market" to support tenants, we could add..
1. Government support of the private rental sector & of developers generally - incentives instead of penalties & efficient working practices in place of more red tape - given that we are the ones who fund, source & create the provision of new homes.
2. Complete overhaul of the archaic planning system which continues to prevent many, many empty buildings from being redeveloped due to the sheer amount of red tape, delays and cost (hopefully the proposed changes in England will come into fruition and eventually filter over into Wales)
3. Financial support or relief for redevelopments, brown field sites, social housing schemes, sustainable housing etc.
Why should Landlords be expected to put in more investment into a housing sector which generally does not support them & has such a strong anti landlord rhetoric?
Tenants are the ones who really suffer as a result of the current nonsense. Mass exodus of landlords and increased red tape for those who remain is never going to benefit the end users.
We can provide more homes.
Rents could become sustainable.
There does not need to be a housing crisis in this country.
But the private rental sector and developers and the governments need to work TOGETHER to cut the c**p in order to make this happen.
What's happening in the rental market? 🏡
👉 Average rents outside of London rise to a new quarterly record of £1,314 per calendar month, now 7% higher than last year's £1,231 per calendar month.
👉 Despite overall rental supply slowly improving from last year, the number of rental properties available is still 20% below pre-pandemic levels.
Our property expert Timothy Bannister says: “With 17 enquiries for every available rental property, the market remains out of balance and difficult for tenants. We need landlord investment to increase stock and help achieve a healthier supply and demand balance in the market.”
These are interesting figures when comparing areas against one another. Thank you for sharing with your network! 🙌🏽