Treasury announces consultation on rented sector
The government has published a consultation document into the role the UK's private rental sector should play in supporting the country's economic recovery and increasing housing supply, it has been revealed.
According to the Treasury, the private rental industry is "vital" to the increasing housing market and represents some 14 per cent of all English households - equivalent to three million homes.
In light of this, the government has stated it will continue to support the sector.
Exchequer secretary to the Treasury Sarah McCarthy-Fry said: "The private rented sector has been the most affordable, flexible and responsive segment of the market. We need to build on this to ensure it can play its part in supporting the recovery and meeting these urgent needs. "
The qualities of affordability and flexibility may have been what attracted Britons to flats to rent in Hammersmith or another part of London, with property prices in the capital typically higher then elsewhere in the UK.
A spokesperson for the National Approved Letting Scheme recently suggested increasing numbers of people prefer to rent, even if they can afford to buy.
Written by Andy Britten
Published 4th February, 2010
© 2010 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
A consultation on the UK's private rental sector has been announced by the Treasury, in news which may interest people considering property to rent in London.