Challenges in the government's 'Renovate – Rent' scheme
August 17, 2026
The government scheme 'Renovate – Rent' has not yielded the expected results, with only 86 applications submitted so far. Of these, 54 were approved, leaving just seven pending review. Despite initial commitments to enhance the rental market, participation is low, primarily because property owners prefer alternative options. The scheme will continue until 2027, but its effectiveness is being questioned. Economic prospects and increased housing demand seem to influence property owners' decisions.