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WHAT CAUSED THE HOUSING CRISIS IN ENGLAND?


1 min read
15 Nov

WHAT CAUSED THE HOUSING CRISIS IN ENGLAND?

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This post argues:

  • Despite denials, there is a strong case for the contention that there is a UK Housing crisis, albeit a more accurate claim would be that there is a series of housing crises.  
  • These crises are reflected in homeownership decline, mounting homelessness, rising overcrowding and excessive housing costs, especially in the private landlord sector that is rapidly moving up the age-scale,
  • Housing supply has not kept pace with demand and need due to restricted land supply, the dominance of the volume builders, government reliance on household formation as a demand/need indicator and the inability of housing associations to make up the deficit produced by the purging of local government from large-scale housing supply. New social housing lettings declined from 334,000 in 2001/2 to 174,000 in 2017/8.
  • London is the epicentre of the housing crisis, the outcome of the failure to match housing supply to the population increase arising from economic growth.
  • Unmet housing need, reflected in social class, disability, gender and ethnicity, has been neglected in estimating housing requirements.
  • Although the decline in homeownership appears to have stopped, it is necessary to make-up the large backlog to constrain housing wealth inequality, protect tenants from high private landlord rents and restrict the mounting benefit costs to state. 

FULL TEXT

What Caused the Housing Crisis in England-converted.pdf

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