This petition was submitted during the 2015 to 2017 Parliament
Rejected petition Solve the UK Housing Crisis
Rejected on
Government obsession with home-ownership is unhealthy.
Providing tax incentives to private housing providers (Buy-to-Let investors) on the same basis as other countries would attract investment into the creation of more homes, thus increasing choice and rebalancing supply and demand.
The reason the UK has a housing crisis is simple, there are not enough properties!
Property prices and rents are so high because too many people are competing for too few properties. The wealthiest get the best, many are living in poor conditions and the homelessness problem is out of control.
Private housing providers in the UK pay more tax than investors in almost all other countries. Comparisons are provided here >>> http://www.property118.com/?p=83569
Incentives = Solutions.
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
In addition, we can only accept petitions started in the name of individuals, not organisations.
We only reject petitions that don’t meet the petition standards.