The NLA’s report is a new development in the ongoing conversation - so we’ve analysed the key findings to make sure you’re well-informed of the possibilities of the government’s move.
Simon and Hannah are international landlords who moved to Hong Kong two years ago to follow their professions. Living so far away made it difficult to manage their property, renew leases, negotiate with tenants, sort out maintenance issues and deal with agency fees.
We’ve spoken before about the new generation of renters - those with high expectations, low tolerance for bad service and a clear idea of what they want out of life.
Although people have varying degrees of control over their general finances, one thing we tend to be pretty sure about is our rental budget. When we’re flat-hunting, we search by monthly price, and we know exactly how much we can afford to put down as a deposit.
A ‘perfect storm’ of changing cultural attitudes, government intervention and broadening tech possibilities has resulted in the upheaval of quite a few industries – notably banking, transport and holiday travel – and it’s obvious to see it’s coming to renting, too.