Leading US investors and private equity firms could step up their foray into UK new-build housing after Donald Trump’s move to ban institutional companies from buying single-family homes in the US, raising concerns that investors could β€œcut corners and increase rents”.

The US president said last week that he would ask Congress to codify the measure as he tries to address concerns that families are struggling to buy or rent a home. The median property sale price was $410,800 (Β£305,000) last year, according to the US Census Bureau.

Analysts have predicted the ban could prompt large US investors, including Madame Tussauds owner Blackstone, to double down on Britain’s property market.

While corporate investors insist they want to provide good-quality, well-managed housing, expectations that they would seek increased profits from rents could put th

πŸ“°

Continue Reading on The Guardian

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article β†’