Stimulating institutional investment is key to success of PRS

London property consultancy Daniel Watney LLP is calling on the Government to encourage further institutional investment as a means of improving the private rented sector, rather than relying on extra regulations for landlords and agents. It is well documented that significantly more new build homes are needed to help solve the UK’s housing shortage, and Daniel Watney believe that new funding from institutional investment can play an important role in contributing to the rise in housing supply, as well as addressing pricing issues in the housing sector.  The comments come ahead of the Department for Communities and Local Government launching a new consultation on how to best tackle to rogue landlords and drive up standards in the private rental market. Julian Goddard, head of residential at Daniel Watney, said, “As the consultation paper itself acknowledges, rogue landlords are very much the minority, with the overwhelming majority of tenants satisfied with the accommodation and service they receive from their landlord. “The best way to improve the private rental market is not to burden landlords with excessive regulation, as the proposed immigration checks will do, and to encourage further institutional investment, which will allow for more purpose-built rental accommodation to be built,…

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