Supply of London rental properties at a critical point according to ARLA Propertymark

Recent press release from ARLA Propertymark reveals: ‘Supply of London rental properties at a critical point’

The press release states:  The number of properties available to rent in London stood at 46 per cent below the national average in January, ARLA Propertymark reveals. more…..

David Cox, Chief Executive, ARLA Propertymark comments: “The rental market in London should be thriving – the capital is a hub for business and culture and attracts a huge influx of new residents every year. But the prospect of being a landlord is becoming less tenable, as potential buy to let investors are deterred by increased taxes and ever more complicated legislation – and higher property prices in London are making it becoming more and more difficult for landlords to make ends meet.

“Government policies designed to help renters now seem to be having the opposite effect, as landlords are moving away from using professional agents. This puts tenants at risk of falling into the hands of rogue landlords, or novice ones who don’t have any experience in the sector.”

Read the ARLA Propertymark press release 28th February 2018 in full click here.

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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