§ Mr. Skeetasked the Secretary of State for the Environment what he estimates to be the current market value of residential property let by private landlords in England and Wales.
§ Mr. ChannonThe best estimate we can make is approaching £15,000 million. This is a broad estimate based on the relationship between the price of houses financed by mortgages and their gross values, which assumes vacant possession. It is open to a wide margin of error.