Consultation on the Private Rented Sector
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Issued 03 February 2010
The Government today published a consultation document on the role the
Private Rented Sector should play in supporting the economic recovery and
increasing supply in the housing market.
The Private Rented Sector is a vital and growing part of the UK housing
market, representing around 14 percent of all households in England, or around 3
million homes. The Government is keen to ensure that the sector plays its part
in meeting the UK’s housing needs.
Commenting on the publication of the consultation document, the Exchequer
Secretary to the Treasury, Sarah McCarthy-Fry said:
“The Government has provided significant support for the housing sector
through the downturn, with around half of all new builds in the last 12 months
having benefited from government support.
But the recent housing market downturn has had a significant impact on
housing supply, and as our economy recovers we need to ensure that we look to
all areas of the housing sector to meet these pressures.
The Private Rented Sector has been the most affordable, flexible and
responsive segment of the market. We need to build on this to ensure it can play
its part in supporting the recovery and meeting these urgent needs.
The consultation we are launching today will ensure that we fully understand
the contribution the PRS can make, and identify any substantive barriers to
investment.”
This Treasury consultation is complemented by the Communities and Local
Government policy statement “The Private Rented Sector: Professionalism and
Quality: consultation responses and next steps” also published today. Taken
together, steps to raise quality and identify any barriers to investment should
reinforce each other and create a better Private Rented Sector that can become
the tenure of choice for a wider range of people.
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Article Published/Sorted/Amended on Scopulus 2010-02-04 14:25:25 in Business Articles
