Has the revival in the Scottish private rented sector since the millennium achieved maturity?

Farhad Farnood and Colin Jones

Housing Studies, 2023, vol. 38, issue 6, 963-984

Abstract: The paper presents a framework for assessing maturity of the private rented sector (PRS) that is tested by reference to a study of Edinburgh set within a Scottish context. The mature market framework is developed by reference to investment theory and comparison with established PRSs in Europe. The PRS is accepted to a degree by users, the government, the wider community and investors. However, the PRS still lacks complete acceptance among tenants and fiscal changes have reduced its financial attractiveness to landlords. Recent Scottish legislation has brought greater regulation that has favoured tenants. There is also little evidence of acceptance by institutional investors. The study therefore finds the case for maturity is unproven, although some subsectors are more mature than others. From a housing system perspective PRS maturity is a function of how the state frames the interaction between private markets and public provision, particularly in countries like the UK which retain a significant sized social sector.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/02673037.2021.1928006 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:38:y:2023:i:6:p:963-984

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/chos20

DOI: 10.1080/02673037.2021.1928006

Access Statistics for this article

Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint

More articles in Housing Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().