Private sector lettings markets at risk from over-regulation
Published: 10-Mar-2008
This article was brought to you by Rentman the premium property management system
Over-regulation by the government and local authorities could have an adverse effect on the private sector lettings market.
That is according to Lee Dribben, chairman of the Residential Landlords Association (RLA), who maintained that over-regulation posed the "greatest threat" to the sector.
He said that, despite varied reports on the current state of the buy-to-let market, the more seasoned landlords will buy if they estimate that there is a profit to be made.
Mr Dribben commented: "Experienced landlords will always buy if they consider they are getting value for money."
However, he noted that the outlook for the market in 2008 was uncertain.
He said: "One great unknown is whether the April capital gains tax changes will result in a glut of investment properties for sale.
"Over-regulation by central government and local authorities poses the greatest threat to the private sector lettings market."
Buy letting agent software that works
