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Marc Shoffman

Zoopla: First-time buyer homes selling at 8%...

Properties favoured by first-time buyers are typically selling for...

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Graham Norwood

Agent stole over £40,000 from firm which...

A letting agent who stole over £40,000 from her...

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Greg Bjorg

re: renovation and problems with it ...

My first self-repair did not end too well. I...

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Graham Norwood

Generation Rent wants rent controls to be...

Generation Rent has yet again come out for rent...

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No surprise here. Generation Rant eventually eventually won’t have anything to rant about as we will have sold up! They will fare worse with the Corporate big boys who will have a monopoly and thus dictate terms. They will just bat off all these ranters.

Sarah Thompson

How can I help my loved one...

Compared with a decade ago, today's first-time buyers are...

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Karl Knipe

The pros and cons of student accommodation...

Some property investors are put off student accommodation by...

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Great information!!

Angels Media

FUTURE: PROPERTY TECH ...

Join us to network, learn & share idea's with...

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Graham Norwood

Eco-themed 135-unit Windsor development invites potential buyers...

Housebuilder Crest Nicholson is hosting a pre-launch event at...

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Graham Norwood

Coupling Up - why so many mortgage...

A property agency has analysed the lending and housing...

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Steph Rady

INTERIOR DESIGN TRENDS TO EXPECT IN 2017:...

Kicking off 2017, we’ve predicted stabilisation in the property...

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Martin Gibbon

First Time Buyers Underestimating the Cost of...

The majority of aspiring first-time buyers ‘wildly’ underestimate how...

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roof repairs ipswitch

Sell your home this summer - House...

Summer is just around the corner. And, contrary to...

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Nat Daniels

Got lots to say about property? You're...

Here is your opportunity to get all your latest property-related...

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2.8 million new instructions- who wants some? While preparing a submission for the at the time unannounced CLG inquiry in PRS (CLG only told their friends) I did some number crunching in the hope of adding a positive input into a department that is seemingly bereft of any experience of the Private rented sector and almost allergic to anyone who has. I identified that a 100,000 tenancy provision by private landlords into the assisted tenancy market (pensions and benefits) was worth approaching £1 billion to landlords. One hundred thousand tenancies was a deliberately small percentage ; an easy , appropriately sized sample to make the point rather than a scientifically calculated figure. It represented about 1.4% of the middle ground between PRS and social housing that many agencies and landlords steer clear of. Subsequent research (discussion) shows that about 40% of assisted tenants are no worse at paying their rent than anyone else. Essentially what that means is that there is an additional £28 billion rental opportunity for those prepared to engage the sector. Increasing the PRS provision by up to by 70% is surely a good start in solving the housing crisis. It will obviously put a large rental income in the pocket of those who can afford to buy to rent out, it will put a large commission income in the pockets of those servicing the industry but moreover it will add the incentive to have another 2.8 million private rented sector properties available to ease the housing crisis. Obviously that will leave the remaining 60% of the sector to house but it seems reasonable that government doesn’t attempt to privatise their entire housing obligation, such schemes tend to lead to civil unrest. There will be natural envy at the rich seemingly exploiting the poor, I am not getting into the social ethics of a solution, simply suggesting how a set of government departments could set about solving issues in an industry they don’t properly understand.

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