February saw the launch of a Housing White Paper – 100 pages of proposals designed to ‘Fix our broken housing market’. A ‘snap’ General Election took many by surprise and whilst the Conservatives were re-elected, the process provided an insight into the key manifesto pledges of other major parties, particularly around housing. We saw promises of rent caps from Labour, and a ‘Help to Rent’ scheme by the Liberal Democrats. Unsurprisingly with a housing shortage in the UK, all parties committed to significantly increase the pace at which new homes are built.
Further growth in the private rented sector demonstrated landlords’ ongoing commitment by investing in property. The private rented sector remains on a growth trajectory, and recent estimates are that the Buy to Let sector is now valued at £1.4trillion, and accounts for 21% of households.
With further growth expected and many more changes anticipated, it’s reassuring that most of our landlords choose a fully managed service. This ensures problems are resolved swiftly and professionally, helping drive up standards, and protecting landlords’ investments.
Whatever 2018 brings to our sector, you can be sure Haybrook Letting Agents will be here to support you.
Take a look at our Lettings Advice Section