- Members call for better supply, enhanced regulation, and a change to property taxes
The National Association of Estate Agents (NAEA) and Association of Residential Letting Agents (ARLA) launched its 2015 Manifesto today at the third consecutive NAEA Conference, Agents of Change, where Brandon Lewis MP, Minister of State for Housing and Planning, Department of Communities and Local Government, is the keynote speaker.
During the last six months NAEA and ARLA met professionals, politicians, experts and campaigners across the UK to understand their hopes and fears for the housing sector. The three main concerns which were identified were the lack of supply, a need for more regulation in lettings and sales, and appropriate taxes across the whole property spectrum. A full outline of NAEA and ARLA recommendations can be found here: http://www.naea.co.uk/media/1033973/Housing-Manifesto-2015.pdf.
Mark Hayward, Managing Director, NAEA said: “Britain is standing today on the precipice of a crisis in the supply of housing. We are simply not building enough homes to meet burgeoning demand from both the sales and private rented sectors.
“We are growing as a society, and our needs for housing have developed from what they may have been previously. But what still rings true is that everyone has a universal right to a home. And our deep-rooted concern is that government policy on housing, as it currently stands, cannot deliver on this requirement.
“Providing housing, or more importantly homes, requires finance, suitable land, time and skill. Policymakers seem to have forgotten this. Housing cannot be a political football for future governments to use to score points against each other. Ultimately we need to take the politics out of housing. We know this is easier said than done. So instead we ask for all future parliamentarians to maintain a long-term progressive view and to deliver on our manifesto commitments.”
Commenting on the Manifesto’s call for greater regulation in the PRS, David Cox, Managing Director, ARLA said: “Britain currently maintains a two-tier private rented market, consisting of those who operate to professional standards and those that do not. Consumers often do not know the difference between the two, thus the onus falls on them to be able to tell the difference. Our agents are already regulated and operate to the highest professional standards. They are fully qualified and we offer tenants and landlords client-money protection.
“The certainty we provide should not be the gold standard, but what every consumer should demand from their agent. It is imperative therefore that letting agents be members of a client money protection scheme, and that regulation be tightened for the entire industry. Greater regulation for letting agents in particular will ensure fairness, a level playing field and the removal of those agents who bring the industry into disrepute.”
