21 Oct

Government cuts 'could boost buy to let landlords'

Government cuts 'could boost buy to let landlords'

Buy to let landlords could be in line for a financial windfall as a result of the coalition government's cutbacks in social housing provisions and benefits, according to a new survey from property investment company Cluttons.

According to the firm's latest study, residential rents are poised to increase by 13.3 per cent throughout this year and will rise by an annual average of 5.4 per cent until 2014, beating most inflation forecasts, Property Wire has reported.

"An expansion of the provision of housing for rent will be dependent on the private rather than public sector for all but a small minority of very disadvantaged families," said Andrew Stanford, head of Cluttons' residential consultancy division.

He added that the most enterprising landlords in the buy to let sector could stand to make a significant profit from the ongoing economic upheaval, provided they have the requisite "management skills" and financial backing.

Chancellor George Osborne announced plans to cut housing benefit in his long-awaited comprehensive spending review yesterday (October 20th 2010).ADNFCR-1222-ID-800135180-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.