27.03.2012 - U.K. rental market needs $319 bln to fill financing gap
The U.K. will need about 200 billion pounds ($319 billion) of investment in rental housing over the next five years as more Britons are shut out of home ownership, Savills Plc (SVS) and Rightmove Plc said. Private landlords, who currently account for almost all U.K. rental properties that arenít owned by the government, probably will provide 25 percent of the homes needed, according to a report published today by the real-estate firms. That means most of the money will have to come from investment funds...............................................Full Article: Source
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