It’s a well-worn mantra that you should never let a good crisis go to waste. And the financial crisis is no exception.
Earlier this year the government reported that the number of renting households had risen by one million between 2006 and 2010. Unsurprisingly, half of all these households are under 35; young people prevented from getting onto the housing ladder by a paralysed mortgage sector and the need for large deposits.
But as first-time buyers suffer, the private rental sector is thriving. The surge in tenants – along with general rising costs – has pushed up rents, with half of all landlords planning to increase their rates in 2011.
To read the full article please click here Landlords are hurting the housing market
NetRent Comment
Clearly landlords are to blame for just about everything these days!!. In our opinion the righteous anger of the journalist should be directed towards the Banks who dictate who they will lend to, not landlords who have been squeezed heavily over the past few years.
