According to the latest English Housing Survey, 20% of households now live in the private rented sector (PRS), which has doubled in size in the last 20 years. People are now renting for longer, so and there’s a growing demand for good quality accommodation that can be a real home, rather than a temporary roof over someone’s head.
Although proposals were announced by the Government back in April, letting agent regulation has still not been introduced in England. As it stands, while agents have to be registered with a redress scheme and protect all deposits they hold, there’s no requirement for them to undergo mandatory training or work to a specific code of practice. The three key things the Government has proposed introducing are:
Living life on the ledge - making the most of your city centre balcony
For those living in city centre flats, a balcony is a luxury which can give the illusion of extra space. Unfortunately, all too often, decreasing property sizes mean that these precious balconies are used as extra storage room for bikes, children’s toys and other assorted clutter. It’s time to reclaim your balcony and transform it into your very own Romeo and Juliet worthy space.
The Government is once again considering a further change to the way Buy-to-Let landlords and property investors are taxed. But, before you start worrying that this is yet another tax grab on your income, while providing housing for the still growing number of private sector renters, you’ll find you’re in for a surprise.
Recent data from the Office for National Statistic shows that the rate of home ownership among young people, has fallen by 10% between 2008 and 2017. That means that now, just 27% of young people aged between 22-29 own a home of their own.