RLA comments on young people now facing consequences of rented homes supply crisis
Responding to a new analysis by the BBC on the cost of renting for young people, RLA Policy Director, David Smith, commented:
“With a majority of under 35s living in rented housing, it is young people now facing the consequences of the supply crisis facing the private rental market.
“The Government’s own data shows that across England there was a loss of 46,000 private rented homes in England in 2016/17, a result of tax increases on the sector.
“The demand for homes to rent is not expected to slow, whilst figures from the RLA’s research arm, PEARL, warn of a net loss of 133,000 homes for rent over the next year.
“Given the scale of the housing crisis Ministers need to support the development of new homes to rent alongside all other tenures.”
Source of information RLA