Private Rented Sector

Part of Opposition Day — [2nd Allotted Day] – in the House of Commons at 12:37 pm on 25th June 2014.

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Photo of Paul Uppal Paul Uppal Conservative, Wolverhampton South West 12:37 pm, 25th June 2014

I worked in the real estate sector for 20 years. I accept that the hon. Lady is sincere in her desire for long-term tenancies, but the way to achieve that is to bring institutional investment into housing. The last time we regulated rents to regulated tenancies, it destroyed the sector, and investment went from residential into commercial property.