Belvoir on Party Property Promises
Recent news release from Belvoir headlines ‘Party Property Promises’.
With just over one day to go before the General Election, Belvoir sets out in brief some of the housing policies that form a large part of each party’s manifesto.
Chief Operating Officer, Dorian Gonsalves said “Whilst some initiatives may help some tenants, it is unfortunate that the general view seems to be to ‘curb’ smaller BTL investors in favour of large landlords and a reduction in BTL investment altogether. This could cause a further decrease in stock levels, making it much tougher for tenants to secure a property, especially as demand is expected to continue to increase over the coming years.
“All parties are promising an increase in the building of new homes, but the reality is that unless land is sold or developed at a discount, it will be quite difficult to provide rents at anything less than existing landlords are doing. This is already the case in London where large landlords, who are backed by the Government, or Housing Associations and are now entering into the PRS can make renting viable at existing market rents.”
Belvoir news release
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