Mayor backs rented housing plans

Boris Johnson, the mayor of London, has backed plans to invest in the rented sector on a large scale.

Upon launching the new London Housing Design Guide consultation, he explained that he is "keen to attract institutional investment into rented housing in London".

The British Property Federation (BPF) has welcomed the move and called for residential rented housing to be prioritised in the capital.

It believes that more focus on the sector could lead to a reduction in the number of rogue landlords, which would benefit new and existing landlord insurance holders.

Ian Fletcher, director of residential policy, said that "it is absolutely vital that we do whatever we can to secure institutional investment and fully maximize the role of private rented housing".

He added: "There is a great opportunity for London to lead the way in showing how a professional rented sector can benefit the housing market."

London has previously been named the most expensive place in the UK to purchase property.

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