Builders 1 - PRS 0
More fall-out from the PM's announcement at Conference this week. Which policy will triumph, and where will the new homes come from?
Stuart Baseley, executive chairman of the Home Builders Federation, said allowing builders to provide starter homes for sale instead of affordable rented homes would make more sites viable.
But PRS investors saw the policy as a troubling symbolic shift which “stigmatises” rental housing in favour of home ownership by a prime minister who had previously endorsed the recommendations to support the sector made by Sir Adrian Montague in 2012.
Ed Crockett, fund manager at Aberdeen Asset Management, added: “The best way to increase housing supply is to support the PRS and to understand it is trying to provide choice.
“The PRS can deliver that, and deliver it eight times faster than homes built for sale.””