The British Property Federation (BPF) is pleased with the Mayor of London’s new housing plan which calls for measures to encourage institutional investment to create a professionally managed and wide ranging private rented sector which the Government should then adopt country-wide.

BPF believes that encouraging more property companies to develop and invest in the private rented sector would boost supply, improve service and provide quality-run accommodation for those unable to get on the private housing ladder, and don’t quality for social housing.

Ian Fletcher, BPF’s director for residential policy, said: “The Mayor is to be commended for recognising the importance of the sector and integrating it into his strategy. This is a sharp contrast with the recent housing green paper, which was silent on the use and role of the private rented sector.”