Government must address issues at the start of the property life-cycle

Government must address issues at the start of the property life-cycle
It is shame that the rental sector in the UK is not a top priority on the Government’s agenda this year, because so many people across the nation depend on this form of housing

This week has brought good news for UK homebuyers following announcements to build more homes across England via Brownfield sites, and through the development of Garden Villages.

But free to list student rentals platform, Studenttenant.com, believes more must be done for those at the start of the property cycle, particularly students in the rental sector.
 
In the past few years, investors have spent billions of pounds on student accommodation due to current shortages and high demand, but despite this, many campuses continue to have an inadequate number of properties.
 
Notwithstanding the huge spike in tuition fees in recent years and Britain’s departure from the EU softening interest from foreign students, UK universities have continued to see overwhelming levels of interest from potential students.
 
But with a lack of suitable housing in the student rental sector to meet this demand, not only is the further education of these students being impeded, but so is their first experience of the housing cycle.


Danielle Cullen, Managing Director of StudentTenant.com: “It is great news that new homes are being built for homebuyers in 2017, but we also have to address the burning issues in the rental sector.
 
Many look at first time buyers as the start of the property life-cycle, but this just simply isn’t the case, especially for those that fall within the generation rent category where home ownership may never be obtainable.
 
For many of us, going to college or university will be our first taste of the property life-cycle in the rental sector. Unfortunately, there is a high chance that this will leave a sour taste in the mouth as many students struggle to find suitable accommodation.
 
It is shame that the rental sector in the UK is not a top priority on the Government’s agenda this year, because so many people across the nation depend on this form of housing. If they can’t manage to provide an appropriate level of affordable housing, they should at least ensure that there is an adequate rental sector to fall back on. Regulation of pricing in the sector would be a good start, particularly for students who are forced to pay extortionate prices in areas of high demand. ”

Join our mailing list:

Leave a comment



Our Next Event

Commercial Finance Roadshow May 2017

Commercial Finance Roadshow May 2017

Exeter - 23/05/2017

Southampton - 24/05/2017

Rainham - 25/05/2017

Milton Keynes - 26/05/2017

Register now

Latest Comments

warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

view article
Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

view article
Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

view article
MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

view article
bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

view article
Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

view article
jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

view article
SecomTech
SecomTech 04 Apr 2017

...and not one mention of the rules on PERMITTED DEVELOPMENT!!! Unless you have studied the plans you will not know...It's probable a high proportion would not need planning permission...BUILDING Control...

view article
Jonathan
Jonathan 03 Apr 2017

That's a very interesting study indeed. There is no doubt that new services and web apps such as Wonego.com in the UK or Roomster in the US will change the way people look for a flatmate, and that tenants...

view article
MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

view article
ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

view article
NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

view article

Related stories

More articles from Landlords