Private rented sector key to solving London housing crisis – NRLA

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Private rented sector key to solving London housing crisis – NRLA

Piecemeal legislation needs to end to tackle London’s housing crisis, claims a landlord group.

Speaking at the London Housing Conference, chief executive of the National Residential Landlords Association (NRLA), Ben Beadle, claimed investment in the private rented sector is key to tackling the housing crisis.

The news comes as the government have announced emergency measures to tackle London’s housing crisis.

Under the measures, sites will now qualify for a fast-track planning route if they deliver 20% affordable housing, down from the previous 35% target.

End to the piecemeal approach to policy and taxation

According to the NRLA, 28% of London households rent privately, while data from the English Housing Survey shows the number of private rented homes has fallen by 8%.

Mr Beadle told the conference that a range of factors, including the 3% stamp duty surcharge on additional properties, are acting as barriers to improving housing supply in the capital.

Speaking after the event, he said on the NRLA website: “This was a really positive event, bringing together stakeholders from across the housing industry and beyond to explore innovative ways to tackle London’s housing crisis.

“I think we all agree we need more good quality, affordable housing of all tenures, and this event was about the positive steps that can be taken to help make that happen.

“A good start, I believe, would be an end to the piecemeal approach to policy and taxation that we have seen in recent years, along with the creation of a considered and comprehensive strategy for the private rented sector.

“I now look forward to continuing discussions with these industry leaders and other key stakeholders to further explore proactive solutions to the crisis and encourage long-term investment.”

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