LSE research
Campaigning and Policy

Jacks
Jacks
95 Thanks
451 Posts
2 years ago
0

This is scholarly and readable. Of particular interest is the analysis of the impact on PRS activity due to tax and regulatory changes. It seems to me that legislators believe that any harm to the PRS is counterbalanced by providing an advantage to owner occupiers particularly first time buyers and of course the tax take. The research tries to describe the inertia in the PRS. Unfortunately while there is substantial equity in the sector the fiscal attacks will continue. Private direct owners will make less money but gradually be squeezed and so won't quit - death by 1000 cuts. It is short termism as investment expenditure is bound to fall resulting in a deterioration of stock.

Playing Aunt Sally with landlords wins votes across party lines and so this will continue. Reducing the equity through taxation and costs will continue to fund the coffers but if you want to increase or improve supply you have to make it attractive to investors and the fact that landlords withdrawal is not sudden does not mean inaction. Each of those 1000 cuts is going to reduce supply.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.