Proof of declining Accommodation levels, but no links made!

by Readers Question

14:06 PM, 11th June 2018
About 6 months ago

Proof of declining Accommodation levels, but no links made!

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Proof of declining Accommodation levels, but no links made!

We have seen statistics on the numbers of landlords exiting the PRS, citing costs imposed by the government including Section 24 mortgage interest relief restrictions and Licensing.

The statistics below showing the REDUCTION in the amount of accommodation is the ‘proof of the pudding.’

Why are the media Not asking the obvious questions and making the connection as to the causes?

There is more to come with HMO room sizes, but all the homeless people aren’t supposed to worry, as Government have given 18 months for the effects to come into play ( sic ).

“Dwelling stock estimates – England 
On 24 May 2018 the MHCLG published dwelling stock estimates for England as at 31 March 2017.  There were: 23.9 million dwellings, an increase of 217,000 dwellings (0.92%) on the same point the previous year; and 15.1 million owner occupied dwellings, 4.8 million private rented dwellings and 4.0 million social and affordable rented dwellings (Private Registered Providers plus Local Authority).  Between March 2016 and March 2017, the owner occupied dwelling stock increased by 262,000 and the private rented stock decreased by 46,000.

The social and affordable rented stock increased by 3,000 dwellings and the other public sector stock decreased by 1,000 dwellings. There were 605,891 vacant dwellings in England on 2 October 2017, an increase of 16,125 (2.7%) from 589,766 on 3 October 2016. Vacant dwellings are 2.5 per cent of the dwelling stock. Long-term vacant dwellings numbered 205,293 on 2 October 2017, an increase of 5,148 (2.6%) from 200,145 on 3 October 2016. Long-term vacant dwellings are 0.9 per cent of the dwelling stock. For the full statistics, click here For tables showing the data by, for example, tenure and district, click here

Provided by PossessionFriend.uk”



Comments

david porter

10:51 AM, 12th June 2018
About 6 months ago

There are many more HMO's for sale then there ever were in the South.
As a consequence HMO tenants who are often students or singles have often been evicted.
They feel that it is the Conservative Government acting against them and causing inter generational unfairness.
They are becoming politically active because of this. The Conservative government enacted this legislation and it will bite them severly.

Jim

11:18 AM, 12th June 2018
About 6 months ago

Reply to the comment left by david porter at 12/06/2018 - 10:51
The extension of mandatory licensing on 1st October will have an effect on HMO's particularly smaller ones for 3 sharers. I have been inundated with calls from 3 sharers wanting to rent my 3 bedroom flat. These applicants blame me for discrimination against them (some get really angry) and simply do not understand that it's government action that is preventing them from renting it - as I do not want to have to license it or extend the fire precautions.

It seems daft that a family of 4 with a 5 year old playing with matches is a lesser risk than 3 responsible adults. It also implies that 3 adults might cause more antisocial behaviour.

Hamish McBloggs

11:35 AM, 12th June 2018
About 6 months ago

Perhaps start posting links to these snippets on MP's facebook and twitter accounts asking politely for comment?

Once a day should do it.

In fact, when I have a spare moment I will look at writing a program to do it automatically (and the legality because the idea is a bit 'spammy') and leave it running on my server.

Links could then be sent to all MP's, Lords, Leaders of Local Authorities, Housing Groups, Editors etc. There would be no bias then.

Someone will bite eventually and then I can post links to that too.

Hamish

moneymanager

13:12 PM, 12th June 2018
About 6 months ago

Some direct experience.

Last year we sold three properties to reconfigure our portfolio rather than exit, two were sold simply to other landlords, one incorporated, one based in the ME and with who knows what tax treatment - no loss to sector but possible lossses to HMG.

The third was sold to a first time buyer, the espoused object of S24, the only problem is that she wasn't renting but living at home -- unit lost to the PRS.

I saw on one blog a comment that asked "so what if landlords are forced to sell, do these properties fly of somewhere for a better life", it stumped me, but then....I know someone with a house in Camden in which he lives with his wife and one child, he used to own one of the four flats, the landlords sold the other three - loss to the PRS THREE units. So yes, "dwellings do have wings.


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