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. ”

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

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brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

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IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

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IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

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cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

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Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

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NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

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Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

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Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

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jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

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