Sir Adrian Montague to lead property investment review

Sir Adrian Montague has been chosen to lead a new review on investment for private rental properties.

Montague, who is non-executive chairman of private equity firm 3i, will aim to increase investment levels in rental properties and remove any barriers currently preventing investors from taking on properties to rent.

According to taylorvinters.com, the panel will be particularly keen to investigate methods of making rental properties more reasonably priced. This could involve boosting the availability of affordable housing in certain areas of the country.

Housing minister Grant Shapps made the announcement of Montague’s appointment earlier this week and was confident that it would result in a increased growth of the rental property sector.  

Explaining the reasons for the review to myintroducer.com, he said: “The sector has seen several years of strong growth and increasing standards, but in some areas rents have begun to rise faster than wages. Over three million households live in privately rented homes, so it’s vital that we take steps to ensure the sector’s continuing growth and affordability.

“Sir Adrian brings with him a wealth of experience and knowledge of the role of the private sector in boosting infrastructure investment and of housing policy, making him an excellent choice to lead the review.”