summary
The Royal Insititution of Chartered Surveyors(Rics) claims the UK faces critical shortage of homes to rent. At least 1.8 million more households will be looking to rent rather than buy a home by 2015. Rics has called on the government to offer tax breaks to encourage building and investment in the sector. Anyone buying a home that is not their main residence must now pay a 3% stamp duty surcharge. Rics suggests that the stamp duty increase should be reversed. David Coxs, the managing director of the ARLA, said “The simple answer is that we need to build more homes.
opinion
I think there are three things which the UK should do to solve this problem. First of all, the UK have to break stamp duty. Therefore, government will be able to facilitate buying more their own home. Secondly, government urges people to buy houses and advertises buying houses. Finally, government should build more rented houses. If they do that, people who can’t buy their house because of low income can rent house with low rental fee. In conclusion, I think the UK government should above three things.