Election must not be used as excuse to abandon private rented sector

Landlord Expert
By Landlord Expert March 23, 2010 09:26

The Association of Residential Letting Agents (Arla) said that 58 per cent of its members have identified the government's approach to expansion of the PRS as the key element which will affect the property sector in the next year.

Arla has urged the Chancellor to promulgate a business-focused approach to the sector ahead of this week's Budget.

The organisation has also called on Number 11 to review what it describes as "prohibitive barriers to further investment", such as stamp duty.

"Landlords must be treated as the businesses they have now become and afford them the taxation criteria which will incentivise the improvement of stock, and therefore the conditions which tenants live in," said Ian Potter, operations manager at Arla.

Recent figures from LSL Property Services showed that the average UK rent rose by 0.3 per cent in February.

Landlord Expert
By Landlord Expert March 23, 2010 09:26


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