Public Affairs Policy

The Private Rented Housing Market by David, Professor Hughes, Stuart, Dr Lowe

By David, Professor Hughes, Stuart, Dr Lowe

The privately rented housing marketplace has mostly catered for younger, cellular humans and scholars because it used to be deregulated within the united kingdom. during this quantity, key writers supply well timed insights into this quickly evolving marketplace. This quantity relies on new, unique learn which brings jointly experts in housing coverage and felony experiences, with their universal and more and more interdependent wisdom base in regards to the privately rented region and its destiny course. the gathering opens with an outline of the ancient context and up to date adjustments to the field, resembling the fast and endured growth of the buy-to-let marketplace, via a dialogue of the criteria shaping the modern marketplace. The participants express how the recent regulatory surroundings is commencing a chain of concerns with major strength to impact (and most likely harm) the marketplace. the amount will curiosity lecturers and scholars in social and public coverage, legislation and housing stories, in addition to legislations practices and housing authorities.

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These are incorporated as dummy variables into the hedonic equation. Distance to the city centre either by public transport or by foot is also a common measure of the quality of a location within a sub-market. 18 This is the approach adopted in this analysis. Property Characteristics Hedonic analysis requires the collection of details of all the main physical characteristics of individual properties. These include both physical and contractual features. The literature identifies the following features as having an influence on rents: • Property size.

Hoesli, M. , ‘Environmental values and real estate prices’. , Thion, B. , ‘A hedonic investigation of the rental value of apartments in central Bordeaux’. , Hoesli, M. , ‘Environmental values and real estate prices’. 17 Malpezzi, ‘Hedonic pricing models: A selective and applied review’. , Thibodeau, T. , ‘Anisotropic autocorrelation in house prices’, Journal of Real Estate Finance and Economics, 23/1 (2001) pp. 5–30. H. , Cooper, J. , ‘House prices and accessibility: the testing of relationships within the Belfast urban area’.

The first of these was widely held to be the provisions contained within the Housing Act 1988, which was seen as laying the foundation for buy to let, or any revitalisation of the PRS subsequent to the Act, to be successful. 3 It was thought by the contextual interviewees that a general consequence of the Act had been that it had signalled the importance of the private rented sector within the modern housing system. 4,5 Of more importance than deregulation of rents, was seen to be the introduction of the new style assured tenancy by the Housing Act 1988, as subsequently modified by the Housing Act 1996, that allowed landlords to gain repossession after a period of six months.

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