RICS Residential Property Paper

September 28, 2015

Last week the RICS released its Residential Property Paper.

RICS is calling on Government to expand the nation’s housing supply across all sectors – from owner occupied, social housing and private rented sectors – through their new Residential Policy Paper.

Expanding supply is not just limited to new builds but optimising how we use existing and empty stock.

Recommendations include:

Older homeowners should receive greater support to transition into retirement or smaller properties, releasing £820billion* property assets or 2.6 million* family homes.

New developments should have a statutory percentage of affordable rented accommodation.

Second homeowners need to be encouraged to make property available for sale or long term let.

Increasing the supply of land available for housebuilding across the country by incentivising private landowners through the tax system to sell disused plots and including private sites in the brownfield register.

Details as of the RICS website: http://www.rics.org/uk/news/news-insight/comment/rics-releases-residential-policy-paper/

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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