Government aims to rent out nation's spare rooms |
02 2008 |
| Thousands more rooms could be made available under a new government initiative aimed at meeting the booming demand for rental accommodation. With landlords across the country currently reporting that demand for rental property is far outstripping supply – particularly in popular places such as Manchester and Brighton – the Department of Social Affairs and Citizenship is to carry out an audit into the nation's spare rooms. Once the number of spare rooms has been calculated, homeowners are then going to be given an incentive to rent them out to tenants. The government department stated: "Providing affordable renting housing in the face of a rising population and the time it takes to build new developments has made the measure necessary." To support the initiative, a new £3 million computer programme will be developed so as to produce an accurate database containing information on spare rooms and prospective landlords. It is expected that those homeowners who sign up to the scheme and take in tenants will be granted tax breaks by the government.  |
Related Articles |
| Buy-to-let 'not dead yet' |
| Investment in property is still attracting many buyers despite falling... |
| Housing transactions on the up in October |
| The National Association of Estate Agents (NAEA) has published figures... |
| British Land sees property drop 11% |
| The property portfolio of developer British Land has fallen in value by... |
| Property in Edinburgh falls 11% |
| House prices in Edinburgh have now fallen 11 per cent in a year, research... |
| NLA comments on 'reluctant landlord' |
| The National Landlord's Association (NLA) has commented on the phenomenon... |
Copyright © 1995-2008 loot.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the loot