Further proof that one
man’s recession is another man’s business opportunity comes with the news that
demand for private rented accommodation in Britain has increased as the UK’s
mortgage market has collapsed.
Indeed, the problem is
not one of demand but of supply. The British private rented sector has never
really recovered from the collapse caused by misguided legislation from the
Laws intended to
protect tenants had the opposite effect. The nice little old lady who used to
rent out her spare room decided that the tougher business environment was not
for her – leaving the market to the big corporate players and to ruthless
landlords who care little about laws.
Once real estate property becomes
relatively cheap to buy, it may be the time for mid-level players to re-enter
the market, relying on increased rents to pay increased mortgage – if they can
get the mortgages in the first place.