Released on = July 2, 2007, 10:20 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = The private residential rental sector has long looked to
students and young professionals as a key element of its client base.

Press Release Body = The private residential rental sector has long looked to
students and young professionals as a key element of its client base.

Many landlords depend on clients from this section of the demographic, who have
traditionally almost always rented their living accommodation as they either study
for a degree or take their first steps into the working world and so eventually on
to property ownership.

However, the relationship between landlords, students and young people is a
symbiotic one, according to one residential lettings industry body.

The National Landlords Association (NLA) - which protects and promotes the interests
of residential landlords - observed earlier this week that the private rental sector
plays an important role in allowing people to go to university or move from home to
find the work they want.

\"That is definitely an area that the private property sector has helped out in - it
is enabling people to achieve their ambitions of going to university,\" said
spokesman Richard Gard, adding: \"Not just the student market - the private rental
sector provides a very useful role in increasing mobility and allowing people to
move away from home.\"

And he added that the sector was also important in allowing the government to meet
its targets of increasing the number of people that enter into higher education. The
NLA pointed out that the government itself is engaged in projects to increase the
amount of affordable accommodation available to students.

Mr Gard noted this and commented: \"It has been acknowledged by the government, that
the sector does allow a huge amount of flexibility that otherwise wouldn\'t be there
at all.\"

Earlier this week, the government was asked to abolish the tax relief available to
buy-to-let landlords. The Chartered Institute of Housing (CIH) said that the
practice was contributing to residential landlords pricing first-time buyers out of
the market.

CIH president Paul Diggory said: \"Buy-to-let owners have a financial advantage over
those trying to buy their first home, as well as the unintended consequence of
pushing house prices even higher,\" an allegation that was hotly refuted by the NLA.

The tax relief given to buy-to-let investors allows them to offset the interest on
their mortgages and the cost of maintaining their properties against the tax they
pay on rental income. According to the Guardian, this allowed buy-to-let investors
to reclaim £2 billion in 2006.


Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com