Housing minister Grant Shapps has announced that city grandee Sir Adrian Montague will lead a review of barriers to investment in private rented homes.
His review will examine how best to encourage greater investment in rental properties, in order to support the rapid growth of the private rented sector.
Shapps said: “I’m delighted to announce that Sir Adrian Montague will lead the Private Rented Sector review. The sector has seen several years of strong growth and increasing standards, but in some areas rents have begun to rise faster than wages.
“Over three million households live in privately rented homes, so it’s vital that we take steps to ensure the sector’s continuing growth and affordability.
“Sir Adrian brings with him a wealth of experience and knowledge of the role of the private sector in boosting infrastructure investment and of housing policy, making him an excellent choice to lead the review.”
Sir Adrian said: “I’m honoured to have been chosen to lead the review into the potential for institutional investment in housing.
“The private rental sector has gone through a period of rapid growth, and it’s crucial that the Government does all it can to ensure that demand continues to be met.
“I aim to help remove barriers to investment, contributing to the continuing health of a sector that millions of people rely on.”
His extensive CV includes chairmanships of Friends Provident, Michael Page, Anglian Water and 3i. He has also chaired Crossrail and helped to turn around British Energy. He had a four-year stint advising Gordon Brown.
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Comments
Never mind old duffer.
Anyone that ever gave any advice to Goirdon Brown worst Chancellor in living memory should be shut away somewhere and never let anywhere near giving any financial advice again.
Why waste taxpayers' money with a review headed by some old duffer?
Just introduce Self Invested Personal Pensions for resi, as Broon originally planned years ago.
JFDI.