Owner preoccupied
Language: English Series: Property Week ; 72(43) 26 October 2007, 66-67(2)Publication details: 2007Subject(s): Summary: Examines why developers are not yet committed to the idea of building properties for the express purpose of letting. Argues that the UK's culture is unique in having a population under 35 who are not content to let flats on affordable terms. Even following the buy-to-let boom, only 20% of Londoners rent privately. This compares with 45-65% in other European cities, where rent is viewed in the same paradigm as utility bills. Argues that the British system encourages only the worst landlords and tenants to remain. Outlines a proposed system for managed build-to-let, possibly including based on residential REITs.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141808 (Browse shelf(Opens below)) | 1 | Available | 141808-1001 |
Examines why developers are not yet committed to the idea of building properties for the express purpose of letting. Argues that the UK's culture is unique in having a population under 35 who are not content to let flats on affordable terms. Even following the buy-to-let boom, only 20% of Londoners rent privately. This compares with 45-65% in other European cities, where rent is viewed in the same paradigm as utility bills. Argues that the British system encourages only the worst landlords and tenants to remain. Outlines a proposed system for managed build-to-let, possibly including based on residential REITs.