Report calls for more rental property
A new report by the Centre for Cities has called on the government to do more to increase the availability of rented property.
The average cost of property for sale in London has risen by more than 200 per cent over the past decade, meaning that for many people finding a flat to rent in London is the only viable option.
Voicing concerns that the rental sector is not duly being treated as a top priority, the Centre's publication - The Future of the Private Rented Sector - warned of potentially damaging consequences.
It said that over three million people would be renting privately across the UK by 2021, therefore requiring one-fifth of new homes to be used by buy-to-let investors for rental purposes.
But according to the body's director, Dermot Finch, current trends in the industry suggest landlords are not on track to meet that target, and without renewed impetus some people will struggle to find a home.
"Demand for rented housing is increasing all the time, but supply isn't keeping up," Mr Finch warned. "Unless this changes, the young and job-movers will have difficulties finding somewhere decent to live."
Published 17th June, 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
A new report by the Centre for Cities has called on the government to do more to increase the availability of rented property.