8
Sep
HCA add to buy-to-let market
The House and Communities Agency (HCA) has announced it will add to
the buy-to-let market in the UK by confirming it will deliver 555
new homes.
Earlier this week, HCA announced it will produce the extra
properties in the private rental market by June 2012, in a deal it
struck with housebuilder firm Berkeley Group.
Berkeley will receive £45.6 million from the HCA to build the
new properties, which will eventually be available for rent on the
open market.
The British Property Federation's chief executive Liz Peace has
hailed the move, saying that it is important to deliver new homes
in these difficult times.
"This shows that the financial numbers can be made to work and that
large-scale market renting can support wider housing delivery," she
added.
Ms Peace stated that the private rental industry "has an important
role to play" to help the government meet the housing needs of the
country.
This growing demand of people looking for a house for sale in the
UK also came to the attention of Home Builders Federation's Steve
Turner, who recently said there is a "huge undersupply of housing"
in the UK.