London will need 83,000 new private rented sector homes a year for the next 10 years to meet demand and hit Govt housing provision targets

Research carried out on behalf of the NRLA project that London will need 83,000 new private rented homes to meet current Govt targets and satisfy growing demand from renters. The research was carried out by consultancy Capital Economics for the NRLA (who point out, citing Govt figures, that London has lost 85,000 rental properties in the last 5 years).

The consultancy advises that more Govt encouragement for investment in the sector is needed to overcome this problem in order to enable more new build provision as well as converting commercial properties into residential units

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