10% landlord exit due to gov't crackdown could cost UK economy £4.5bn and 39,000 jobs, warns NRLA.
The UK housing crisis could cost the economy billions if the government's crackdown on landlords leads to a 10% exodus, warns the National Residential Landlords Association. A report by PwC estimates a 10% landlord exit would wipe out £4.5bn and 39,000 jobs, as the private rented sector contributes £45bn to the wider economy. The article suggests addressing the crisis by focusing on building more social housing and reducing reliance on the private rental sector.
March 19, 2024
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