The BIG BRITISH RENTAL CRISIS continues

The Property Nomads Podcast

Rob looks into the ongoing British rental crisis, highlighting the decrease in listing times for rental properties and the high demand for homes. He delves into the reasons behind the lack of available properties, such as government tax changes affecting landlords and uncertainty in the market, emphasising the importance of understanding economic fundamentals in the property market and reiterates the need for sustainable housing policies to address the crisis.

KEY TAKEAWAYS

• The British rental crisis continues due to high demand and lack of available properties.
• Two-bedroom rental homes are now listed on average for 25 days, 10 days less than before the pandemic.
• Landlords are selling properties due to tax changes and uncertainty in the market, leading to a decrease in available properties.
• The conservative target for new homes is 300,000 a year, but only about 210,000 are being built, contributing to the housing shortage.
• Understanding economic fundamentals in housing is crucial for investors to navigate the current market challenges.

BEST MOMENTS

"The big British rental crisis continues... renters are in races for homes as listing times are slashed."

"Landlords have had the rough end of the stick... quite a lot of landlords have been looking to sell up."

"Scotland likes to shoot itself in the foot... Actually, to be fair, most of the UK does."

"Everyone warns about danger ahead... there's not enough supply coming to the market."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/homeandproperty/how-cornwall-s-crackdown-on-second-homes-backfired/ar-BB1mmFWU?ocid=winp2fptaskbar&cvid=5dec6af5503849e3a3bb1dae3f11ebf2&ei=6&sc=shoreline

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