Private rented sector 'essential to economy'
A new consultation document has this week been announced by the government which will focus on the role the private rental sector should play in the UK's housing market and the economy as a whole.
Commenting on the consultation, the Treasury reported the industry is a vital and growing part of the UK housing market, representing around 14 per cent of all households in England - equivalent to around three million homes.
Following the announcement, Mark Garner, founder of LettingZone.com, said: "The private rented sector is absolutely essential to a healthy economy as it allows people to move and find jobs while not committing to all the purchase costs."
Britons looking for flats to rent in Blackheath - or elsewhere in London - in order to be close to work, without having to pay out for the high cost of property for sale in the capital may be in agreement with his comments.
The British Property Federation recently claimed private landlords are the only way to close the UK housing gap.
It claimed the government and local authorities should do more to encourage investment in rental opportunities.
Written by Ben Carter
Published 5th February, 2010
© 2010 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
The UK's private rental sector is "absolutely essential" to the health of the economy, one sector commentator has asserted, in news those looking for flats to rent in London may be in agreement with.