Government plans to restrict the bulk-buying of homes in housing estates are unlikely to result in significant supply increases for owner-occupiers, property industry figures have said.
“I don’t see why it is being set at 10 units or more. Why not bring it in at five units? Even 10 units in a housing estate is a very large number. What if three different investors want to buy 10 houses each in an estate of 100 houses?” he asked. The Government was itself culpable when it came to deterring developers from selling or renting to individual owners, he said.
It will decrease it further for sure.