Govt prepares 'Plan B' for rental sector
Despite assurances that the buy-to-let market remains strong, the government is reportedly considering new measures to ensure private money continues to flow into the rental sector.
HomeMove.co.uk reports that one solution being explored by Whitehall is expanding build-to-let schemes, which make it easier for investors to tie up their money in professionally-run rental accommodation without the hassle of becoming an independent landlord.
Real Estate Agent Savills recently asked the government to consider rolling out a US-style private rental sector modelled on build-to-let schemes as a solution to tackling the housing shortage.
Such projects are funded by investors buying shares in property companies or channelling their money into a property fund - and because they are built specifically with letting in mind they tend to be more profitable.
Mark Allen, chief executive of Unite, explained: "If a block is designed to be let, developers can increase the density and make it more attractive to investors. It can be built to deliver a higher yield, more akin to commercial property."
Published 10th March, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Despite assurances that the buy-to-let market remains strong, the government is reportedly considering new measures to ensure private money continues to flow into the rental sector.