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18/09/2008
Appeal to ministers to improve incentives for private rented sector |
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A residential landlord company has appealed to ministers to provide more effective incentives and reform the UK private rented sector, Proeprtyweek.com reports.
Grainger has prepared a report that suggests the moves are necessary to improve the issues surrounding housing supply and home ownership.
The report has called for the private rented sector to be used as an affordable housing option "with a more secure tenancy deal".
Incentives should be offered along with clear codes of conduct to improve the standard of rented housing and tax credits or investment vehicles should be made available to encourage investment in the sector.
Commenting on the need for change, housing expert Julie Cowans, said: "The credit crunch has highlighted the need for a flexible, affordable form of housing."
She said that the government needs to "encourage greater institutional investment in the sector to drive up numbers and to provide incentives to greatly improve standards".
According to a recent survey by the Association of Residential Lettings Agents (Arla), the number of people renting property in Britain has increased by 20 per cent over the past three months. |
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