In the latest example of ‘build to let’, a city council is planning to develop 400 homes for private rent. The project also shows the increasing extent to which local authorities are stepping into the private rented sector.
Birmingham Council is looking at the possibility of a partnership whereby both it and developer Willmott Dixon would sell the properties on to an institutional investor within five to ten years.
The scheme would create jobs and Willmott Dixon would provide training and apprenticeships for local people during the build.
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
.jpg)
Comments
Good idea - this will get 400 off the rental list and the council can house them on benefits and thus leaving the private sector out of it. This will be the slums of the near future.
Brilliant - you could not make this stuff up.
Lucky agents in that area who will not have the dregs of society calling in for rented property suported by the DSS and the unfortunate landlord's who discover, usually too late, that the insurance is voided, the key meter is in the red and will have to be paid off or it will take months to have a propert meter fitted, the place is in a mess and needs new carpets, kitchen, decorations and the overgrown garden with the dog crap all over it and the property will need hundreds if not thousands spent on it. Oh and did I mention the scrap metal and tyres, the dumped cars and the loft filled with rubbish.
As you can see I have seen it all before with so many other agents who just don't give a rats.