The Property Podcast with Wards Estate Agent
S02E09: How Our Government Could Do Better To Help The Housing Market Part Two
Episode Summary
In this, the final episode of series two of the property podcast with Wards, host Gary Wilson continues last week's discussion with industry experts from Wards Estate Agents, where they explore potential government interventions to improve housing market conditions. Enjoy the conversation!!
Episode Notes
THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2
Episode 9 - How Our Government Could Do Better To Help The Housing Market: Part Two
Key Discussion Points:
The State of Private Rented Sector (PRS):
- The need for a strategic plan if reducing investment in PRS.
- Importance of building social housing to fill rental gaps.
Challenges Facing Tenants and Landlords:
- Rising rents make it difficult for tenants to save for homeownership.
- Legislative changes squeezing landlords financially.
- Potential solutions include rent control balanced with fair landlord profits.
Legislation Impact on Landlords:
- Section 24 tax reforms affecting profitability.
- Importance of maintaining quality housing amidst increasing regulations.
Government's Role in Affordable Housing:
- Need for increased supply through relaxed stamp duty surcharges.
- Encouragements like grants or support schemes could stabilize rents.
Reputation Management within Industry:
- Misconceptions around landlords being wealthy; many are accidental or small-scale investors.
- Necessity for responsible media portrayal focusing on reality rather than sensationalism.
Regulations & Professional Standards in Real Estate Industry:
- Call for compulsory licensing/qualifications across estate agents to ensure professionalism.
- Training initiatives at Wards ensuring staff are well-equipped to handle complex legislation effectively.
Future Considerations & Closing Thoughts: – Emphasis on creating hope and opportunities for first-time buyers through innovative financial products like bonds inspired by French models.