PRS landlords are very good with old property - 40% of the sector is pre-1919. But lending facilities are still tight and few landlords are actually developers on a scale which would create the numbers of new homes required.
The tax regimes currently do not encourage sale and reinvestment and the RLA has argued strongly for roll-over tax relief.
The best hope in the short-term is for corporate investment, but that will create aspirational new homes when we need affordable ones.
The RLA believes Government should consider encouraging first-time buyers to buy ex-PRS rental stock releasing capital-gains exempted funds for landlords to re-invest and regenerate more old property.