RICS, professional body for qualifications and standards in land, property, infrastructure and construction, have released a 50 second video highlighting key findings in their latest Residential Market Survey for January 2017.
The report shows that shortage of supply in both the lettings and sales segments continue to present a huge challenge for the market, however, Ministers must be credited with changing the course of the ship of state on housing.
Jeremy Blackburn, RICS Head of UK Policy said “They’ve listened to us on expanding supply not just pumping demand, and on giving institutionalised PRS much greater priority alongside owner occupation. Our survey demonstrates how vital greater supply is in this sector; we really need to turbo boost Build to Rent. The consultation on how to do this must be used as a defining moment.
“At the same time we need to stop punitive measures against our bedrock small landlords. The detail on the ban on letting agent fees is yet to come, and along with any overt forcing of longer tenancies, could dampen investment in buy-to-let overall. The government must be careful about signalling both stop and go at the same time.”
Watch the video below: