The British Property Federation and RICS have welcomed Government plans to boost the build to rented sector and introduce more affordable private rent.
Government plans include changing planning rules so councils proactively plan for more build to rent homes where there is need.
The proposals are also designed to make it easier for private rental developers to offer affordable rents in place of other types of affordable home.
The plans will also see the Government push for longer tenancies which are more family-friendly to provide better security for renters.
The British Property Federation says 35,000 tenants have been offered tenancies of three years or longer since Government action in the area.
British Property Federation chief executive Melanie Leech says: “We welcome the Government’s continued support for the build to rent sector. We fully support the introduction of affordable private rent, and the inclusion of build to rent and affordable private rent within the NPPF and Planning Practice Guidance.
“A multi-tenure approach where all housing sectors receive the right policy support is critical to fixing the UK’s broken housing market.”
RICS head of UK external affairs Geoff White says: “The Government’s proposals to boost supply across all tenures – including measures to boost build to rent – is a welcome acknowledgement of the extent of the housing challenges and the scale of the response required.”
Housing and planning minister Alok Sharma says: “Whether renting or owning all families should have the security they need to be able to plan for the future.
“That’s why as part of our plan to fix the broken housing market we’ve been taking action to create a bigger and better private rental market, supporting new build to rent developments so that tenants can have greater choice.”
Measures in the Government’s housing white paper, published in February, set out plans to open up the choice of rental properties on the market.
This includes plans to help people in the private rented sector by banning letting agent fees when they sign a new tenancy agreement.
The Government has also introduced new powers under the Housing and Planning Act 2016 to crack down on rogue landlords.