RICS Residential Property Paper

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.

You May Also Enjoy

Breaking News

Breaking Property News – 07/12/23

Daily bite-sized proptech and property news in partnership with Proptech-X.   Blend of short-tail and long-tail lead generation strategies is crucial for estate agents In the ever-evolving estate agency sector, the game-changing role of digital marketing is more evident than ever. Recognising the significance of a well-rounded approach, today’s estate agents are urged to embrace…
Read More
Estate Agent Talk

Enhance Your Home’s Curb Appeal With These Simple Upgrades

Recognizing the significance of curb appeal is universal among the majority of homeowners, whether you’re in the market to sell, rent, or simply create a lasting impression for your family and guests. Investing in your home’s curb appeal not only pays off aesthetically but also adds tangible value to your property. Fortunately, there’s no need…
Read More
Estate Agent Talk

Navigating the Realm of Real Estate: A Comprehensive Guide to Property, Land, and Home Deco

Real property, encompassing land, buildings, and other tangible assets, is a dynamic and multifaceted region that performs a pivotal position in shaping our dwelling environments and influencing economic growth. Understanding the intricacies of actual estate is essential for people in search of to put money into assets, acquire their dream houses, or honestly stay knowledgeable…
Read More
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 06/12/23

The average 5-year fixed mortgage rate is now 5.11%, down from 5.36% a year ago The average 2-year fixed mortgage rate is now 5.52%, down from 5.61% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.20%, down from 5.37% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read More
Love or Hate Rightmove
Breaking News

Rightmove Happy at Home Index 2023: Richmond upon Thames named happiest place to live by residents

The borough of Richmond upon Thames in London has been crowned the happiest place to live in Great Britain, followed by Winchester in Hampshire: It’s the first time a London location has topped Rightmove’s Happy at Home Index, now in its 12th year Monmouth in Wales takes third place, the first time an area from…
Read More
Estate Agent Talk

How to Use Green Carbide for Sustainable and Affordable Real Estate Projects

How Recycled Carbide Can Help You Build Greener and Cheaper Real Estate Projects Green carbide is a cutting-edge material that CERATIZIT, a leading provider of hard material solutions, has developed. It is a kind of cemented carbide that is made from over 99% of recycled carbide from old milling cutters, drills and solid carbide tools.…
Read More