Labour’s proposals for longer tenancies not thought through….
Rob Ellice, CEO of easyProperty has argued strongly against Labour’s longer tenancy proposals in an article written for property industry journal Property Week. Whilst it’s easy to understand that introducing a minimum tenancy of 3 years may discourage buy-to-let investors and thus result in housing shortages in the rented sector, Rob also argues that such changes will not benefit the majority of tenants. He states that the average UK tenancy is 19 months and the families that the increased minimum tenancy length may benefit only make up around 10% of all tenancies in the private rented sector.
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