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Luke Aaron
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I have been saying for some time that if Govt. created the environment for the existing 2 million landlords to bring back/into use just one additional previously empty/derelict/commercial property each (the reality being some wouldn’t bother and others would do multiple), the country would benefit to the tune of 2 million additional homes virtually overnight (perhaps 6-12 weeks), but the point is it would be far faster, wider ranging and bigger than any new build project. This could all be done by, say, giving the landlords a CGT break on any of these properties (which might also have the added bonus of encouraging them to sell, many of whom would be FTBs). If they really wanted, they could stipulate energy rating minimums or affordable rents for a period. I dunno, get creative! The problem is they either haven’t the brains to think of this or they cannot bring themselves to be seen to be benefitting LLs (even if it vastly aids the nations housing problem)…
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09 January 2020 09:54 AM
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From: Luke Aaron
09 January 2020 09:54 AM