Wednesday, 26 May 2010

Grant Shapps appointed as new Housing Minister

Following the formation of the coalition government many people in property professions, including the lettings industry, were concerned by the length of time it has taken to announce Grant Shapps appointment as Housing Minister. Although Grant has been the Tory Shadow Housing Minister since 2007 he will not be attending cabinet meetings like his predecessor.

Commenting on his appointment, Grant said: 'I look forward to continuing and developing my relationships with the industry and feel sure that our new government will be able to make genuine improvements to the housing industry which has suffered so badly under 13 years of Labour Government.'

Heidi Abbott, HomeLet Sales and Operations Director commented 'It's understandable that the new government are focusing on addressing the key economic issues and tackling the county's current deficit. However, it's key that the new government clearly outlines their long term plans for both the private rented sector (PRS) and the lettings industry.'

'The PRS is a very important element in the housing supply chain. But with the length of tenancies increasing and demand out weighing supply the traditional 'churn' in the lettings market is beginning to slow. The government need to encourage investment in the PRS to stimulate the market and help to increase stock levels.'

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