Lettings industry downbeat at lacklustre budget measures

The agency industry has reacted in a broadly downbeat way at the relatively few housing-related proposals that were announced in Monday’s Budget.

Jeremy Leaf, north London estate agent and a former RICS residential chairman, sees it this way: “Nothing has been done to improve low transaction levels, which is not just bad for the market but even worse for the wider economy. Given the rapid expansion of the private rented sector over the past few years, more support to Generation Rent would also have been welcome, such as sales of rental property to long-term tenants.”

Read the full story at Letting Agent Today.

You may also like...