5 Feb

CBI calls for investment in rental market

CBI calls for investment in rental market

The Confederation of British Industry (CBI) believes there needs to be more investment in the private rental sector to ensure housing meets demand.

Figures from the CBI show that by 2018 close to 20 per cent of households will live in private rental accommodation but this figure may not be realised unless the government and landlords are willing to invest in the housing stock.

The CBI estimate £57 billion will be need to be invested over the next two years to satisfy 'Generation Rent'.

Katja Hall, CBI chief policy director, suggested a VAT reduction on repair or renovation works could encourage buy-to-let investors to expand or improve their property portfolios.

"The rental sector offers huge opportunities for growth in the economy and more large-scale institutional investment is needed," said Ms Hall.

A recent LSL landlord sentiment survey found that four in ten UK landlords plan to increase rents over the course of the year.ADNFCR-1222-ID-801690430-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.