30 JUL 2018

Expansion of private rented sector in Britain criticised by new housing report - Property Wire

"Some six million more people in Britain are living in short term rented housing than 15 years ago and as a result their financial stability has been hampered, according to a hard hitting new report.

Overall reduced levels of home ownership are adding to the malaise says the report from the Housing and Finance Institute which criticises Government housing policies and calls for £44 billion to be prioritised for social renting and first time buyers.

It proposes a radical new deposit loans system for young people and a first home deposit tax allowance to help first time buyers and give people with insecure tenancies in the private rented sector the chance to become owners."

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