Nick Millican has been among the most influential members of the real estate industry. The real estate agent is also one of the few who have stated their appreciation of coming reforms.
This is due to the fact that Nick has been on the scene for several decades. He has witnessed the many ups and downturns that the market has been through in the years before this reform. It is the Renters Reform Bill. The way Nick Millican and his peers in the industry see it, the stated bill of reforms is not strong enough. However, it does count as a step in the right direction.
The real issue will be whether or not the bill has sufficient backing. What this really comes down to is whether or not the government will see fit to enforce it with sufficient funding. But, as Nick Millican states, this is a sign of danger that has been noted by experts in the real estate industry.
As Nick Millican has said, this is an issue that affects all of the U.K., not just London. The idea here is that MPs on the All-Party Parliamentary Group (APPG) for the private rented sector have published views that seem to conflict with what the bill states (Twitter).
As a result, agents who possess a high level of experience in the industry are left to ponder whether or not these reforms will really come off. Nick Millican has witnessed experts from across the sector coming together to opine on the possible future of the rental market. As yet, no concrete details have emerged.