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  • Property-a-holics

    Half of councils missing housebuilding target

    The National Audit Office (NAO) concludes that the planning system in England is “not working well” and says councils are struggling to negotiate successfully with developers, leaving swaths of the country vulnerable to either housing shortages or situations where the wrong homes are built in the wrong places.

    Since 2010 there has been an almost 40% real-terms cut in spending on planners, according to the public spending watchdog.

    The report says only 44.1% of local authorities had up-to-date plans setting out how they could meet the need for new homes.

    Full/source story

    This again shows the writing on the wall as far as I am concerned.  Successive Governments have failed to build enough homes to meet the demand and the results of that are rising numbers of people in temporary accommodation and rising numbers of homeless on our streets.

    Private landlords are needed now, more than ever, and it is only a matter of time that the Government wakes up to this reality imho and the tide of Government intervention will turn ....

    SEE ALSO  -          9 irrefutable reasons why property is still a viable investment + Landlord Survival

    UP NEXT -              Housing crisis? You ain't seen nothing yet! A "perfect storm" is brewing.

    DON'T MISS -         Government policy > exacerbate housing crisis

    NOW WATCH:

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    Institutional investor Viventi Capital Management has announced plans to invest £100m in the UK’s Built to Rent sector.

    The company says that it is aiming to take advantage of what it sees as an acute shortage of good quality homes to rent in this country. 

    Full/source article

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    Very interesting read. Agree that Landlords are needed now more than ever because of this.

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