“It’s time for Theresa May to get out her hard hat,” says RICS boss Jeremy Blackburn, as surveyors warn of a “critical rental shortage”. Sales of buy-to-let properties dropped sharply since stamp duty changes added an extra chunk to buyers’ bills; as a result, the Royal Institute of Chartered Surveyors reports that 86% of landlords say they have no plans to increase rental portfolio this year – with trend set to remain for next five years.
And yet 1.8 million new rental homes are needed by 2025 to keep up
- A ‘surge of buy-to-let investors’ is pushing prices up – RICSFebruary 11, 2016
- ‘Drastic changes’ needed ‘to fix Britain’s broken housing market’ –…December 17, 2015
- Government ‘must up housing target by 50% and build 300,000 homes a year’ says…July 15, 2016