The Property NomadsSocial Housing Supply Issues Explored
Rob looks at the current housing crisis in the UK, focusing on the decline of social housing stock by over 250,000 units in the last decade. He focusses on the reasons behind this decrease, such as the selling off or demolition of social housing, challenges with planning permissions, and the high demand for housing exceeding supply.
KEY TAKEAWAYS
- The number of social rent homes in England has fallen by about a quarter of a million in the last decade, contributing to the housing crisis.
- Issues with planning, including local councils rejecting building proposals, create bottlenecks in housing development.
- Housing demand in the UK is higher than supply, leading to increased costs of renting.
- Frequent changes in government and policies hinder long-term, cohesive solutions to the housing crisis.
- Shelter suggests building 90,000 genuinely affordable social homes per year for 10 years to address the housing emergency effectively.
BEST MOMENTS
"There's not ever one solution fits all, whether that's in the private sector, or the social rented sector."
"A lot of social housing stock has been sold off or demolished. A lot more has been sold off rather than being built."
"Planning creates a bottleneck, because of the way this country is set up, again, all it takes is one person to complain. And you know, all hell can break loose."
"If the supply increases, then that should help to meet demand by bringing a flood of supply onto the market, that you should also find that the cost of renting, whether that be social or private, you should find that that decreases."
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