The government will "end up relying on"those who buy property for investment purposes such as private landlords to provide people with places to live, it has been suggested.

A statement published today by the National Association of Estates Agents (NAEA) has indicated that housing supply needs to match population growth in the UK - and it could be up to the private rented sector to ensure people have roofs over their heads.

It would seem that more tenancy agreements for rental properties will be signed as many first-time buyers continue to be priced out of the market, even though the value of property has dropped considerably in the last 12 months.

However, the NAEA suggested that private landlords and other buy-to-let investors need politicians to put pressure on banks to lend.

"It is time for the government to make those vast investments in the banks pay by exerting some pressure on lenders to free up the market from the heavy constraints it is labouring under,"it added.

Written by Sarah Field

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