a housing shortage gives little reason to improve your shit hole century old terraced house you’ve rented out for 3k a month
At least in places where rents are £3k per month (implying a house price of ~£600k), owner-occupiers (and the mythical responsible landlord) can actually get the work done knowing they’ll get it back when they sell. On a £100k terrace oop north (~£500 rent per month), house prices can’t rise enough to cover the cost of £10-15k spent on insulation.
There are a lot of terrible properties in London because the economy has renters over a barrel. But there are a lot of terrible properties elsewhere because London has the rest of the country over a barrel.
At least in places where rents are £3k per month (implying a house price of ~£600k), owner-occupiers (and the mythical responsible landlord) can actually get the work done knowing they’ll get it back when they sell. On a £100k terrace oop north (~£500 rent per month), house prices can’t rise enough to cover the cost of £10-15k spent on insulation.
There are a lot of terrible properties in London because the economy has renters over a barrel. But there are a lot of terrible properties elsewhere because London has the rest of the country over a barrel.