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Our assessment of the responses received to the consultation, and the areas that we will be considering further the case for change.
The private rented sector (PRS) is playing an increasingly important role in the housing market and the Government is concerned to ensure that recovery is supported by a strong supply-side response. The Treasury launched an initial consultation to consider the contribution the Private Rented Sector (PRS) could make to addressing housing demand and increasing supply, and identifying if there were any substantive barriers to investment in the sector.
The consultation focussed primarily on the economic drivers of investment in the PRS and whether the sector will continue to be responsive to changing demand pressures, or be constrained by a lack of investment.
A total of fifty-five responses were received and as part of the consultation process the Treasury also held two Chatham House style round-table seminars with a selection of industry stakeholders and academics. All responses were carefully considered and the Government is very grateful for respondents’ contributions to the consultation process.