An interesting post by Savills today looks at the way Government policy is not addressing real problems in housing shortfalls, and the real need to develop an institutional market in the provision of rented property. With the PM yesterday concentrating yet again on home ownership, how are the renters to be housed?
The ability to meet this demand is likely to be further restricted by the budget changes. In turn, this is likely to maintain upward pressure on rents. This reinforces the need to encourage institutional investment into the private rented sector to provide tenants with a greater choice of good-quality rental accommodation.