Emeritus Prof Christopher May on Nostr: While Savills (an estate agent) may not be a neutral source, equally they likely have ...
While Savills (an estate agent) may not be a neutral source, equally they likely have a pretty good idea what is happening in the rented #housing.
Their predictions for a continuing above #inflation rise in rents next year, driven by a shortage of properties & #landlords financing (and other) costs, suggest in 2024 the #housingcrisis in the UK will get even worse.
In the end the key answer to this mess is pretty simple:
what is needed is:
MORE SOCIAL HOUSING!
https://www.theguardian.com/money/2023/nov/28/average-rent-great-britain-properties-interest-rates-savills
Their predictions for a continuing above #inflation rise in rents next year, driven by a shortage of properties & #landlords financing (and other) costs, suggest in 2024 the #housingcrisis in the UK will get even worse.
In the end the key answer to this mess is pretty simple:
what is needed is:
MORE SOCIAL HOUSING!
https://www.theguardian.com/money/2023/nov/28/average-rent-great-britain-properties-interest-rates-savills