Friday, September 10, 2010
Property lobby organisation thinks it’s good people are priced out
The government has missed an opportunity to support the fledging professional private rented sector the British Property Federation (BPF) has warned. The property lobby organisation said it was disappointed the Treasury would not help boost the UKâ€™s supply of rental homes homes. The Treasury's decision follows a consultation initiated by the previous government, which was looking at ways of boosting investment in the private rented sector. The BPF claimed cost-effective measures of encouraging investment included encouraging institutions such as pension funds to invest in homes for rent and the disaggregation of stamp duty land tax (SDLT) on the bulk purchase of homes.