aboutproperty.co.uk Logo
 | News feeds | Join the mailing list | Make Homepage

Property news

Landlords are the housing industry's 'white knights'

Landlords 'filling the housing void'
Landlords 'filling the housing void'

Friday, 29, Jan 2010 05:48

The private rented sector has been the housing industry's "white knight" during the recent economic downturn, according to the National Approved Letting Scheme.

A desperate shortage of local authority property and the struggle faced by housing associations to fill the gap has left it up to British landlords, a spokesperson for the accreditation scheme claims.

He said: "It is difficult to get onto the [housing] ladder. It is very arduous for young people starting off.

"Without the private rental sector, without buy-to-let investments, and without private sector leasing schemes [from] local authorities, there would be a very, very serious housing problem."

The spokesperson also notes that there has been a change in the attitude of Britons to home buying, which has boosted the industry's prospects.

This is in line with recent claims made by the Association of Residential Letting Agents, which suggested earlier this week that the housing market is experiencing a trend of reluctant tenants.





Comment on this story

Share your views with the aboutproperty.co.uk readers.
Name 

Location 

Email 

Comment 

Enter the text shown to the right

User comments...

Marketplace

    From builders and DIY suppliers to decorators and garden supplies, home finance to heating and plumbing services, home furniture to accessories, bathrooms, bedrooms, kitchens and a whole lot more.

    Whatever you’re looking for you’ll find it in the aboutproperty marketplace – your gateway to all things home and garden related.

Free Property Finder Service


For your free guide to investing in uncertain times click here.

Features

BBQ season is upon us.

x

The Met Office has announced summer 2009 is likely to be a glorious affair, with temperatures reaching Mediterranean standards. So what better way to celebrate the forthcoming sunshine than with a barbecue?


Overseas Property

Brits "play it safe" with foreign property investment

Brits "play it safe" with foreign property investment

Foreign property investments in 2010 are likely to be 'safe bet' options for Brits, according to one industry expert.


Property Finance

Mortgage lending increases in June says Bank of England

Mortgage lending has increased according to the latest official figures

Mortgage lending reached a 14 month hight in June but is still far below traditionally normal levels, according to the latest data from the Bank of England.