Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

4 Ways to Reduce the Housing Crisis in UK

Housing-Market / UK Housing Nov 01, 2021 - 02:00 PM GMT

By: Mark_Adan

Housing-Market

Given the house prices are rising by around 3% every year, with the current data revealing over a third of millennials will never be own a home, it is quite evident the housing market is still in a crisis. But are we making a big deal out of this than it needs to? Well, in this read, we are going to take a closer look at ways the housing market crisis could be averted in the United Kingdom.


1. Build More Affordable Homes

While new houses are being constructed every day, if they are too costly for the average person, then they will not help curb the housing crisis. Instead, the government needs to focus on erecting modest and more affordable houses that even the first-time house buyer can be able to save a deposit for.

By constructing affordable homes, more millennials will have a glimmer of hope in getting a foot on the property ladder. This is one of the right steps towards solving the housing crisis.

2. Alternative Housing Options

Some people who cannot afford to buy a house because of the housing crisis are on the search for alternative options. Sheds, shipping containers and even boats are just a few of the options available for affordable accommodation.

However, for these options to be feasible down the line, we have to eliminate the stigma surrounding sheds and containers as places to live. In fact, over 70% of people view them as modular homes, while 41% perceive them to be less durable compared to traditional houses. What's actually an inexpensive solution to the housing crisis is being dismissed as a result of ungrounded assumptions.

In fact, these alternative housing options can help do away with the homelessness problem that has become rampant in the UK. In Bristol, for example, shipping containers are being converted into tiny homes, where the homeless can live. The same is happening in London, where a single project is taking over 200 people off the streets.

3. Reduce Investor Power

Manchester is an example of a city where the housing crisis has become increasingly rampant. There are over 60,000 people living in Manchester City centre and the population is expected to hit 80,000 in the next 3 years. With the skyline constantly changing with more and more high-rise flats, you would think that the city is catering to the demand. However, this could not be further from the truth. In reality, these flats are out of reach for the first time house buyer.

Most of the accommodations in the city prevent first-time buyers with statements such as 'Investors Only'. When you factor in the fact that a 2-bed city center flat goes for about £1,100 per month before bills, it's clear that most millennials cannot afford housing in this region.How are those that require impact housing going to benefit in such a scenario.

A feasible way to help reduce the housing crisis in major cities in the UK is by reducing investor power by allowing first-time buyers a chance to get into the game. This will ultimately help cope with demand.

4. Reconsider Green Belt Land

Green belt is a term used to describe lands that stop the country region from being spoilt and the city centers from being overly spoilt. While there should be regions protected from new developments when you factor in that Surrey has more golf courses than houses, and Greater London's green belt area could accommodate over 1.5 million houses, then there's an issue to solve.

In order to curb the housing crisis, demand has to be met and this implies identifying suitable regions where new and affordable houses can be constructed.

By Mark Adan

MarkAdanSEO@gmail.com

At Animuswebs.com, we specialise in content-led Online Marketing Strategies for our clients in the Marketing, Finance, Business industry and other sectors. With our professional writing team and our superb content creation programmes we achieve great marketing successes for our clients.

Copyright 2021 © Mark Adan - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in