Monthly Archives: October 2016

Home/2016/October

UK faces shortfall of 1.8m rental homes, warns housing body

The Royal Institution of Chartered Surveyors is urging government to reverse stamp duty changes on second homes and incentivise build-to-rent scheme

The UK is facing a shortfall of 1.8m rental properties unless the government acts fast to slow a sharp drop in the number of available homes, according to a leading housing industry body.

The Royal Institution of Chartered Surveyors (Rics) called on the government to drop reverse stamp duty changes on second homes and consider incentives for build-to-rent schemes, after it found a drop in property investors’ appetite to add to their buy-to-let portfolios. 

The private sector has taken over from councils and housing associations as the biggest provider of rented homes, but Rics found that sales had slowed over the summer, after changes to the stamp duty rules.

Since 1 April, anyone buying