Vunerable tenants being pushed out of private rental market according to RICS
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’.
According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental market.
RICS joins forces with Crisis to call for greater support for vulnerable tenants.
Sean Tomkins, RICS Chief Executive Officer says, “We see this as a matter of public interest. The housing market is falling increasingly out of step with the majority of household incomes. In the current climate, it can be hard enough for young professionals to make ends meet. But for those on benefits, the pressures may be insurmountable.
“Worryingly our figures show that as a result of a combination of economic pressures, more and more vulnerable tenants are being pushed out of the private rented sector. However, if Government were to put in place additional support measures through the introduction of help to rent schemes, the door to the rental market may once again be opened for Britain’s most vulnerable”.
Read the RICS Residential Market Survey February 2017 report in full click here
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