Private Rented Sector (PRS)

The private rented sector (PRS) plays a vital role in our housing market, having doubled in number of households in the last 20 years.

According to a new report continued government interference in the PRS is causing disruption:

• with landlords leaving the market;
• with the leakage of stock into sale compounding issues that are emerging and decreasing stability;
• and standards for tenants.

RICS supports and is currently working with Lord Best and his Regulation of Property Agents (ROPA) working group, however it says more must be done in the immediate to bring transparency and standards to the PRS industry.

For further information please see link below:

https://www.rics.org/uk/news-insight/latest-news/news-opinion/private-rented-sector-in-england/