24 Oct

Rugg report recommends boosting buy-to-let

Rugg report recommends boosting buy-to-let

Improving the provision of high quality buy-to-let accommodation is a major priority, a new report has concluded.

The Rugg report, written by Julie Rugg from the University of York, stated that private rental market should not be a "third" choice way of meeting housing requirements and suggested ways to improve the quality and provision in this sector.

Initiatives recommended included streamlined regulation and faster procedures for redress and dispute resolution, an improvement of local authorities' understanding and promotion of the sector and tax incentives to encourage good landlords to buy more properties.

Responding to the report, housing minister Margaret Beckett welcomed the findings and affirmed that the private rental sector plays a "really important role" in housing provision.

The report was also welcomed by the property industry, with the Royal Institution of Chartered Surveyors calling on the government to take up the recommendations in an "open-minded" fashion.

Centre for Cities said it agreed with the call for more rental provision as this would increase worker mobility at a time when the economy is facing recession.

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