Yes, we have all heard it now, ‘Red Ed’ is going to impose rent controls on private rented property if he and his ‘merry men’ gain power on the May 7th.
I don’t disagree with the suggestion that Tenancy Agreements should be up to three years long and not, as is more usual, one year. In any event most Tenancy Agreements prescribe for an RPI increase (and no more) so what is all the concern about? Continue reading
A totally unapologetic David Cameron has announced that if his Party gains power in May, thousands of housing association tenants will be allowed to buy their homes and existing council tenants will also be able to buy certain properties owned by the council.
This was the legacy left by Margaret Thatcher’s initiatives in the 80s and has transformed the lives of a number of people in the less well off sector where properties, that they may have bought for a pittance then, are now worth a small fortune. Continue reading
I must say that we should never under estimate the great British public’s insatiable appetite for residential property which has continued unabated, certainly since the 80s, and was assisted by Margaret Thatcher’s reforms of council houses thereby releasing many of these into private ownership.
This is in sharp contrast to France or Germany where, instinctively, the Public choose to rent their homes releasing more money for consumer spending, and so, there is no real interest in the appreciation or investment value of private property. Continue reading