2024: Is there a housing crisis in the UK?

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).

What will become of the housing crisis?

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.

Are certain areas affected more than others?

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.

Main causes of the UK housing shortage.

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 planning systems have imposed a ban on building new homes in and around large parts of the country, particularly near cities, owing to the current policies around the green belt.
  • The often unpredictable project-to-project design of the planning process has generally made it risky to propose and pursue construction, even in areas where there is no ban on building new homes.

The effects of the housing crisis.

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.

For more information https://www.theinspectionmanager.co.uk/ 

To get your 30-day free account https://www.theinspectionmanager.co.uk/free-trial/

Email; info@theinspectionmanager.co.uk call; 0844 725 2000

Related News

property management inspection app

Increased demand for Affordable Housing in 2023 across the UK

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.

inspection report software

What role does Technology and Automation play in Property Management?

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.

How to streamline processes in Property and Facilities Management

How to streamline processes in Property and Facilities Management

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.

The importance of Data Standardisation in the Property & FM sectors

The importance of Data Standardisation in the Property & FM sectors

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.

property audit checklist

Challenges facing commercial landlords and tenants

The previous year was a roller coaster for the commercial property sector, with both landlords and tenants facing unique challenges. It looks like 2023 is also going to be a challenging year for landlords – with the higher increased rates and Section 21 changes, for instance – and for tenants as well, who are finding it to keep up with rental demands owing to the inflation and the current cost-of-living crisis.

Transform how you acquire, manage, operate and experience space with technology

There’s no escaping technology and the impact it has had on our lives, making everything from ordering something online to power up our home appliances from several miles away really easy. Technology has also fundamentally changed how landlords and letting agencies, for example, buy, manage, and operate spaces – making lives easier for tech-savvy homeowners and demanding tenants alike.

Ready to see how The Inspection Manager can transform the way you work?
Try it FREE for 30 days – no credit card required!

For more information
0844 725 2000
info@theinspectionmanager.co.uk

© The Inspection Manager 2024.
The Inspection Manager is a product developed by the Inventory Manager Ltd Company No: 06381122.
Registered address 651 A Mauldeth Road West, Chorlton, Manchester, M21 7SA
Terms and Conditions | Privacy Policy.

Top

Simply fill in the form to get started.

Once registered, you will receive a link to download the app to your preferred platform (App store, Google Play store, Windows store).

Thanks for registering.

Your free account is activated.

We have just emailed you the links to download the app from the stores and also our handy guide to using The Inspection Manager. No time to lose? Get started now by clicking on one of the links below!