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LATEST NEWS & EVENTS Undersupply of property 'threatens rental market'  People looking for property investment advice would do well to put their money into the buy-to-let sector. The Association of Residential Letting Agents (Arla) is warning that an undersupply of good quality houses is putting the UK rental market under pressure. Research from the organisation reveals three-quarters of members reported more prospective tenants than properties available during the second quarter of the year. Ian Potter, operations manager of Arla, noted that the shortage of homes to buy means more people are looking to rent properties. He called on the government to provide more incentives to the private rented sector to increase the number of properties available to rent. It also "needs to look at ways of regulating what is becoming an increasingly popular housing option, so that consumers and landlords are protected from issues such as loss of rent monies and deposits as well as defaults on mortgage and rental payments", Mr Potter added. Roger Southam, chairman and chief executive of Chainbow, also believes there needs to be better regulation of the sector. He argued that there ought to stricter rules for letting managers and block managers to protect consumers. Posted by Georgina Price 
Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News |
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