Eres : Digital Library : Works

Paper eres2017_223:
The party's over: How private residential landlords are experiencing a changing policy and financial environment in Scotland.

id eres2017_223
authors Farnood, Farhad; Colin A. Jones
year 2017
title The party's over: How private residential landlords are experiencing a changing policy and financial environment in Scotland.
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary The private rented sector provides housing to a large proportion of European households. Within Europe, however, the nature and experience of the PRS in different countries is diverse. Private landlords in the UK experienced a boom period between 1997 and 2007. Hundreds of thousands of new investors were drawn to the private rented sector (PRS) by the availablity of mortgage finance and the combination of rental returns and capital growth. This ‘golden decade’ was brought to an end by the global financial crisis. However, the same crisis greatly reduced the affordability of home ownership as lending criteria tightened. The result was that the PRS continued to grow as a proportion of all housing provision. Private landlords in Scotland have been affected by policy and legislation from both the UK government in Westminster and the Scottish government in Holyrood. From both directions there have been decisions made and policies implemented which have reduced the attractiveness of the PRS as an investment. The paper uses qualitative interview data to give voice to the perceptions and attitudes of a cohort of private landlords with current PRS investments in the city of Edinburgh, Scotland.
keywords housing policy; private rented sector; landlords; Scotland
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Housing Policy
last changed 2017/11/18 16:20
HOMELOGIN (you are user _anon_269865 from group guest) Powered by SciX Open Publishing Services 1.002