Levelling up: Government reveals plans for the UK property industry

The Department for Levelling Up, Housing and Communities has published its long-awaited White Paper revealing some major changes for landlords and the wider private rented sector.

Levelling Up Secretary, Michael Gove, promised that the government’s flagship plans would deliver “Kings Cross-style transformational regeneration projects across the country” in order to “spread opportunity more evenly and help to reverse the geographical inequalities which still exist in the UK”.

The proposals will see a radical shift of powers and money from Whitehall to local leaders and include a landlord register, scrapping Section 21 evictions, a national ‘decent homes standards’ and tougher measures for rogue landlords.

The latest announcement also reveals that £1.5 billion Levelling Up Home Building Fund being will be launched, which will provide loans to SMEs and government support for 20 of our towns and city centres, starting off with Wolverhampton and Sheffield, undertaking ambitious, King’s Cross-style regeneration projects.

SOURCE: Property Reporter

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Percentage Change in the Private Rental Sector in the last 40 years

Private renting has grown across every UK region over the last 40 years, but the scale and pace are often misunderstood. This graphic shows how uneven that growth has been, shaped largely by the decline in social housing. Understanding this shift helps explain today’s housing balance and the choices ahead.

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