NLA responds to OFT market report
The National Landlord's Association (NLA) has issued a response to the publication of the Office of Fair Trading's (OFT) lettings market report, which has recommended the construction of more new homes to be made available for rent in the UK.
NLA is firmly in favour of this practice, although the organisation states the government must now focus on greater conformity in legislation for the delivery of new properties if this is to take place.
According to the OFT, it is important the government works closely with industry and professional bodies in order to deliver improved confidence for both landlords and the public in the private-rented sector.
Furthermore, the NLA recognised that recommendations to improve the standard of training and education for letting agents across the country would provide a significant boost to the industry.
Earlier this month, the NLA also outlined its commitment to the government's new flagship energy efficiency scheme the Green Deal, with the organisation partnering with MITIE and United Legal Services to provide a range of sustainable improvements to landlords and tenants across the country over the coming months.
The news follows the recent publication of data from the Homes and Communities Agency (HCA), highlighting the government's ongoing commitment to new homes provision in order to tackle the UK's housing crisis.
Outlined in the Quarterly Survey (2012/13 Quarter 3), the HCA revealed that despite the fragile state of the economy, house building remains a priority and considerable funding is being funnelled into this area.
Jonathan Walters, deputy director of strategy and performance at the organisation, said: "Asset sales for the current quarter appear strong and the number of unsold Affordable Home Ownership homes has fallen.
"We continue to monitor this situation in light of an increased pipeline of new properties expected in the next 18 months."
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