How is Help to Buy affecting the private rented sector?

The private rented sector (PRS) is booming. An increasing number of people are now living in rental properties and the PRS has overtaken social housing as the UK's second largest form of accommodation after home ownership. Much of this growth has been attributed to the fact Britons are finding it more and more difficult to raise the necessary funds to buy their own home. With house prices rising and wages struggling to keep pace with the cost of living, it's widely believed a lot of tenants h...
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How valuable is the PRS to the UK economy?

The private rented sector (PRS) is becoming an increasingly important part of the British economy. It has been expanding steadily in recent years and looks set to continue this growth for the foreseeable future. Indeed, the Association of Residential Letting Agents (ARLA) has estimated the sector is already worth £500 billion and contributes £30 billion to the UK economy each year. But why is the PRS so valuable and what does this mean for letting agents? Read on to find out. A growing fo...
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