Renting in London 'vital to the economy'
People considering looking for property to rent in London are being told that tenants sharing letted accommodation are an important part of economic prosperity in the UK.
Housing minister Grant Shapps announced that Local councils are to be given greater power over the governance of such abodes in their area, while helping landlords avoid bureaucratic obstacles.
"Shared homes ensure people who want to live and work in towns and cities can do so and are vital to the economy," he said.
According to the Department for Communities and Local Government, an estimated 8,500 planning applications for places of multiple occupancy that would normally be put in by landlords will be reduced by the new scheme.
Mr Shapps statement might confuse some people looking for property to rent in the London borough of Barnet, as he recently suggested that home ownership would be the government's priority.
Last week, he announced the scrapping of plans to introduce new regulations on private landlords.
By Charles Mackay
Published 17th June, 2010
© 2010 Estates IT Limited
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