. The price of rented accommodation will increase further and house prices could increase by 21% in the next five years as the market improves 71岁厅官开党籍 俄一将军在叙身亡

Real-Estate UK Home Ownership In Crisis Research released by the National Housing Federation (NHF) has suggested that UK housing will soon be in ‘crisis’ unless the government takes serious measures to address the undersupply of housing. This statement comes at a time when many prospective buyers are all too aware of house prices, that although at an all time low, are still well beyond their means, and mortgages that, while interest rates are still at rock bottom, are being denied to them as borrowers. What is the ‘Housing Crisis’? The Housing Crisis that the NHF is referring to is the increasing realisation that the generation that previously would have been considering buying property are locked out of the housing market due to the difficult lending conditions and inability to save for a deposit. It is predicted that if the current trend is allowed to continue without serious government action, home ownership will fall as low as 63.8% in the next ten years (it is currently at 67%). The price of rented accommodation will increase further and house prices could increase by 21% in the next five years as the market improves, pushing more young people out of the property market. How is the government proposing to solve the housing crisis? It appears that the government’s response to these findings is to reassure the public that the supply of housing will increase which should ease house prices and also increase the availability of rented accommodation and stop landlords having the monopoly that they currently enjoy. Grant Shapps, Housing Minister, has already proposed an affordable housing scheme which will help the construction industry to get back on its feet with a 4.5bn investment. In these plans Shapps announced the release of public land to be available for construction. On top of this the draft of the National Planning Policy Framework is a step in the right direction which should ease the planning application process, encourage development and thus increase the supply of housing. Is the government doing enough to solve problems in the UK housing industry? Despite these measures the government has been criticised for not doing enough, it has been pointed out that even with this increase in builds, new builds will still be 63% less than the previous government’s housing programme. Furthermore house building in the UK has been the lowest since 1923. There is both a problem with undeveloped land that has failed to obtain planning permission and unsold homes on the market due to a lack of demand and difficulties in obtaining mortgages. Will the emphasis on increasing housing supply help first-time buyers? Clearly undersupply is not the only problem, first time buyers are unable to save for deposits as they struggle to even pay rent. This means that a focus on the construction industry and supply of housing will have limited success unless the financial difficulties of the young are considered. A government first buy scheme should help some prospective buyers, with 250m being ploughed into helping 10,000 young people buy their first property, although this is still a relatively small portion of a whole generation struggling. Many young people have accepted this shift in ideals, with home ownership no longer being a priority although it is clear that this may be the acceptance of an unavoidable truth rather than a decision. The UK government has vowed to help a generation financially struggling to obtain their property aspirations, but whether or not the measures outlined will be enough, only time will tell. About the Author: 相关的主题文章: