At a recent meeting with the Minister for Climate Change, Julie James, Propertymark’s proposals of formulating a Working Group of industry experts, agents, landlords and stakeholders in response to the Welsh Government’s Local Government and Housing Committee’s report on Second Homes was gratefully received.
The report committed to working with private sector landlords and letting agents within the Dwyfor pilot area to increase the supply of homes for rent.
The working group will look to:
Examine current and forthcoming policy and regulation to establish areas of threat and opportunity to the PRS.
Facilitate knowledge and information sharing between PRS stakeholders to promote evidence-based policy formulation.
Provide expert guidance and recommendations on the sustainment of the PRS to the Welsh Government.
Propertymark has said that it will update the sector on any progress made within the group.
Daryl McIntosh, Policy Manager at Propertymark, said: “Our conversations with the Welsh Government have been welcomed and it is good to see that they are willing to work with the sector in order to ensure that future policy is fit for purpose for all those involved.
“The Welsh Government has largely focussed on planning policy and local taxes as levers to change behaviour in the private rented sector, however, these do not directly deal with the barriers and disincentives to investment in the private rented sector.
“Our working group will now look to develop clear, targeted proposals on what action is necessary to ensure that policy both supports and incentivises investment to then be tested through the Dwyfor pilot.”
