14
May
RICS explains the benefits of rental sector
The positive aspects of the UK buy-to-let market have been
highlighted by the Royal Institution of Chartered Surveyors
(RICS).
With the government announcing plans to develop the sector in light
of October's Rugg Review on private rented homes, the industry has
come under heavy scrutiny this week.
In a statement, RICS suggested that rental properties provide a
"flexible approach to housing", allowing people to take job
opportunities around the country.
"Growth in the private rented sector must be encouraged to provide
a choice of homes and as an alternative to owning a home," the
organisation explained.
A range of property options is required in order for people to be
able to "live in the appropriate property for their income and
situation in life", it added.
Buy-to-let investors will be aware that the industry has witnessed
fresh regulation of late, and RICS has called for any further
government measures to be made quickly and to use existing legal
framework where possible.
