Rental market 'can solve affordability issues'
The rental sector could hold the key to the housing affordability problem, it has been suggested.
The British Property Federation (BPF) has said that developing a larger private rented sector would ease the strain on the owner occupier market, which has been besieged by rampant house price inflation in recent years.
Last week, homeless charity Shelter published new research which showed that the average price of a property in the UK has risen by 200 per cent over the past decade alone.
That has resulted in many first-time buyers being completely priced out of the market and has buoyed the popularity of rental properties, which BPF residential director Ian Fletcher said are now 30 per cent cheaper.
Commenting on the scope for a professional rented sector akin to that of the USA or Germany, Mr Fletcher went on to say it could make a real difference in opening up the market.
"The professional rented sector is open to all, whereas first-time home buying is increasingly only accessible to those with well-off parents who can help with the deposit," he concluded.
Published 21st April, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
The rental sector could hold the key to the housing affordability problem, it has been suggested.