(111) Private sector housing
36.
More than 34,000 flate and houses woze completed last year by the private postos. Not surprisingly perhaps, production at this level, coupled with high interest rates and property valués inziatod by speculativa activities in recont years, led to an abnormally high number of unsold properties. However, the levelling off of sale prices together with a lowering of mortgage interact rates has put more of this large stock of accommodation within the reach of those
those seoking
housing.
37.
(iv) Landlord and tonant
A significant 'advance in the private rontal field over the past year has been the introduction, under the aegis of the Lands Tribunal, of a systom providing reasonable security of tenure to tepante of premises not subject to cont control, provided they are prepared to pay, the fair market rent.
38.
·
.
are now
All premises completed since Juna 1981 excluded from rent control, and premises of a very high zateable valuò are being, oxcluded by stagos. Well before the Boxpiry in December "next year of the existing legislation. controlling rent increas00" ́ for post-war promises; cho Government will
will be
bo considering the futuro form of thuoc controls, and appropriato logislation will be introduced in
}
this session.
39.
(v) The squatter problon
}
in
Dospito high levels of housing production,
areas major problema still ozfst. The most obvious io
is the
aquatter problem. Although nearly 1.3 million squattoro have been rahoused since tho 1950's, latest estimator still put the squatter population at over half a million. Many will be rehoused through developpent clearanc08 over the next I&W years: but most large squatter concentrations are likely to
/remada