Affordable housing is a myth – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

Affordable housing is a myth

Residential Investor

It worsens the housing crisis – but there is a fix.

The UK’s housing crisis hardly requires an introduction. It affects people across the housing spectrum – from leaseholders stuck with flammable cladding to tenants in overcrowded housing

The past decade has seen a 141% increase in rough sleeping. And the National Housing Federation puts the estimate for council housing waiting lists at 3.8 million people.

In his first move as housing secretary, Michael Gove is reportedly set to halt Boris Johnson’s contentious planning shake-up that critics fear will give more powers to developers. Labour, meanwhile, has pledged reforms of their own, including an attempt to redefine affordable housing. Clearly, both parties are making housing a priority ahead of the next general election.

There is a prevailing idea among politicians that the solution to the housing crisis is simple: build more houses. The assumption is that more houses will not only house more people, but also drive down house prices. It is the logic underpinning Johnson’s planning reforms and the promise he made to “scythe through red tape” in a bid to get more housing projects delivered faster. 

“Building more houses without considering who can afford to live in them will not solve the problem”






Subscribe to our magazine now!

SUBSCRIBE