The RLA will be at the PRS Summit 2013. RLA Wales Director, Douglas Haig, will be speaking. This is to ensure that members’ priorities and opinions are represented and any relevant policies are communicated back quickly and effectively.
The nature of the private rented sector (PRS) in Wales is changing. The growth of the market in the past ten years, from seven per cent to 14 per cent is indicative of the importance and strength of the sector especially in recent times.
Demand is changing the face of housing with predictions suggesting the PRS will take up 20% of all Welsh homes by 2020.
The Welsh Government is producing a new Housing Bill which will include several provisions for the PRS in acknowledgement of the changing nature and importance of the sector. Local Government is facing a ‘step-change’ in how they work with the PRS.
As such, the PRS in Wales is facing a number of challenges and changes:
- Introduction of a mandatory national licensing and accreditation system (WALLS)
- Local Authority statutory discharge of homelessness duty into the PRS
- Introduce a PRS model contract and other legislative changes, via the Renting Homes Bill
- Implication of Welfare Reform on tenants; includes likely increased demand for Houses in Multiple Occupation (HMO)
- Diversification of Registered Social Landlords; increasing the number of Social Lettings agencies and delivery of market-rent properties by RSLs
- A step-change in the PRS relationship with Local Authorities, in terms of strategic planning and capacity building
- Improving & strengthening tenant involvement in the sector
Douglas Haig, Director for the RLA in Wales, will be speaking at the event. Douglas will be pinpointing what the Government White Paper (WP) proposes and what the benefits, challenges, and risks facing landlords and agents are within the WP.
The event will be help on Monday 15th July 2013.