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Mr White is entirely correct. Pension funds are aiming at residential investment on a build-to-rent basis, their advisers reportedly have the ear of Messrs Sunak and Javed and are believed to be offering housing shortage solutions at little or no cost to the government so of course government is supportive. If you look at government policies over recent years in terms of creating a market for build-to-rent products by eliminating the competition in the private sector, the several policy moves by government start to make sense and no amount of complaining by private landlords will make any difference. Uneconomic lettting properties then made available for sale to any buyer who can afford one expands availablity in that sector too, so for HMG, it's win-win.
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From: Northern Agent
10 July 2020 10:30 AM