Government To Call On Banks To Invest In Rental Property

摘要

The government is to ask financial institutions to put money into developing homes for rent within the next few weeks, writes Joey Gardiner.rnThe move is part of an attempt to kick-start the housing market in the wake of severe reductions in house prices and demand for sale property.rnThe Homes and Communities Agency (HCA) is to ask for expressions of interest from institutions in investing in new-build housing for rent, possibly in return for a promise to guarantee a certain rental income.