29 Mar

UK 'needs more buy-to-let properties'

UK 'needs more buy-to-let properties'

There needs to be a rise in the availability of buy-to-let properties in the UK, it has been suggested.

According to the Association of Residential Letting Agents (ARLA), 58 per cent of people polled during a conference for the lettings industry said a shortage in the supply of such homes is the biggest challenge facing the sector.

The government should step in to help raise the number of houses and flats to rent, it claimed.

Among the measures put forward by the organisation was assistance for landlords to help them get mortgages.

Also, incentives for improvements to older buildings should be considered, it posited.

Ian Potter, operations manager at ALRA - which was formed in 1981 and is a professional and regulatory body for letting agents - said: "Significant policy decisions will be set out in the coming months of the election and it is imperative that all the parties factor the private rented sector into their strategies on the national housing supply."
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