Housing costs are overburdening private renters across the UK, according to a report recently published by the OECD (Organisation for Economic Co-operation and Development).
Everyone wants nothing more than to have secure, safe, and decent housing. Unfortunately, the housing supply in the UK has been unable to keep up with the surge in demand over the last couple of years. This has made accessing housing of any kind rather difficult for individuals and families alike, especially those from low-income households.
Compared to other EU nations, the UK is struggling to address its backlog of homes which ranges in the millions – properties which haven’t even been built to address the current housing market needs. Delivering these projects on time, naturally, is one of the keys to solving the country’s housing crisis.
Certain cities are hit harder than others, absolutely. For instance, cities concentrated in the Greater South East England, like Brighton and London, are experiencing some of the biggest housing crisis. However, other well-to-do cities like Bristol, York, and Edinburgh are also affected, where high-paying jobs are abundant.
The majority of the UK’s more expensive cities, Brighton and Oxford included, tend to build significantly less housing than cities where housing is generally cheaper and demand is lower as well – Telford and Wakefield, for instance. This is because in the most expensive cities, the housing supply is not directly connected to prices and therefore such cities have the most unaffordable housing.
The current planning systems in the UK are partially responsible for the housing shortage, as the properties are difficult to build due to the regulations. In fact, this has a negative impact on the rate at which properties are built in two key ways:
The shortage of supply, even in the UK’s most economically prosperous cities, has created a gaping hole in housing wealth.
The wealth inequality has exacerbated the nation’s existing social problems, which many experts point out as being one of the underlying factors in many areas voting ‘Leave’ in the 2016 EU referendum.
The housing crisis continues to be costly and a source of worry for society at large. The difficulties that the police, NHS, and schools are facing, for example, in terms of fulfilling staffing roles in the larger, more expensive cities – along with homelessness and the money being spent on housing benefit – are all directly responsible for unaffordable housing in certain areas. Fixing shortages in those specific areas is one way to overcome the problem.
Another way to overcome the problem is by using Tim, The Inspection Manager, allowing you to carry out inspections and maintenance tasks, at the touch of a button.
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Today’s facility managers find themselves in the midst of many challenges, including regulatory and compliance hurdles, resource scarcity, and burnout. Resource constraints, for example, which affect time management, materials delivery, and budget planning, pose major obstacles, all the while demanding highly prudent allocation without operational efficiency taking a hit.
Technology is rapidly expanding into all spheres of life, and this is especially true of industries. In the property management sector, for instance, one is surrounded by disruptive technology which is improving ‘quality of life’ for not only property and facility managers but also tenants.
The property and real estate sector has traditionally been associated with stacks of paperwork, manual documentation, and physical blueprints. However, all that is changing quickly as the idea of paperless building operations is steadily gaining momentum.
If we go back a few years, the property management sector was a bit slow to adopt new changes, especially those revolving around technology and automation. But in the present day, it has taken a dramatic step forward.
In a 2021 survey where 2,000 UK adults were surveyed who had rented a home over the last 5 years – 66% of them had experienced some kind of disrepair issue, while 26% of Housing Association Properties tenants were not happy with the quality of repair and maintenance during their stay.
Tenant experience is an important metric to understand when it comes to property and facilities management – it describes how your tenants interact with the properties they live in. The quality of these interactions along with the amenities you offer can have a major impact on your ROI.
If you recall the government’s 2019 election manifestos, all the main parties committed to boost housing supply in England. The Conservative manifesto, in fact, pledged that the number of homes being built will continue to increase, targeting at least 300,000 affordable homes by the middle of 2020.
The property management industry has been traditionally shy and somewhat hesitant to embrace new technological trends. The word “automation” would make everyone from real estate agents to property managers cringe with disapproval – as if impending doom and job insecurity was right around the corner.
Data standardisation refers to using consistent methods for collecting data, although this is a very basic and somewhat generic description of what it truly is. If we delve in deeper, data standardisation is the process used for transforming data to fit a constrained and predefined set of values – ultimately, relying on uniformity to improve efficiencies.
Data standardisation refers to using consistent methods for collecting data, although this is a very basic and somewhat generic description of what it truly is. If we delve in deeper, data standardisation is the process used for transforming data to fit a constrained and predefined set of values – ultimately, relying on uniformity to improve efficiencies.
For more information
0844 725 2000
info@theinspectionmanager.co.uk
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