More rental homes needed

More housing needs to be available in the rented sector, a property website has claimed.

According to upad.co.uk, there needs to be action from the government to help stimulate growth in the marketplace.

A combination of economic factors and social issues has resulted in more potential tenants, which in turn provide more opportunities for landlords.

James Davis, chief executive of upad.co.uk, said: "In key conurbations where you can find the vast majority of tenants there has been a growing chronic shortage of rental stock.

"I think the vast majority of tenants would like to live in a home within a community. Tax incentives for example, [would help to increase] the quantity of private landlords [and] would make a far more fundamental difference."

This follows research from the Town and Country Planning Association, which found that the housing supply backlog could be close to one million by the end of next year.

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