The UK Government must step up its pressure on lenders if it wants to free the market from its "heavy constraints", the National Association of Estate Agents (NAEA) says.
While the trade body welcomes guidance from the National Housing and Planning Advice Unit (NHPAU), which suggests up to 5% more homes will need to be built annually to meet supply, it warns the population will only take advantage of this if the private rental sector helps to meet demand for houses. Stewart Lilly, chair of the planning, new homes and rural group for the NAEA, says the Government will end up relying on buy-to-let investors to provide property for rental and ensure that Britain has a roof over its head. "To make this happen, the buy-to-let market needs assistance from th...
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