Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»North-South divide: Social housing challenges more severe in Northern England, research reveals
    Property

    North-South divide: Social housing challenges more severe in Northern England, research reveals

    August 18, 20243 Mins Read


    Concerns are growing about whether the government can ensure that affordable housing is built in the regions where it is most needed, particularly in the north of England.

    The newly elected Labour government has set an ambitious target to build 1.5 million homes within the next five years to address the country’s severe housing shortage. To achieve this, the government has made several commitments, including prioritising brownfield sites, permitting development on the “grey belt,” and increasing the focus on social housing.

    But concerns are growing about whether the government can ensure that affordable housing is built in the regions where it is most needed, particularly in the north of England.

    The UK’s social housing stock has been in decline for decades. Since 1991, the country has lost 24,000 social housing units annually, forcing many social tenants into the private rental sector. In 2022 alone, 29,000 social housing units were either sold or demolished, while less than 7,000 were built to replace them.

    Research by planning consultants Marrons indicates that if current trends continue, social housing stock in northern local authorities will decrease by an additional 30 percent by 2040, compared to southern regions. The research shows that of the 20 local authorities projected to witness the most significant loss of social housing, seven are in Greater London, while the remaining 13 are in the north of England. Leeds, for example, is expected to lose over 11,000 social homes by 2040.

    In addition to the age and condition of existing social housing contributing to its decline, the Right to Buy scheme, implemented by Margaret Thatcher’s government in 1980, has significantly reduced the stock. In the North, purchasing social homes is generally more accessible due to lower house-price-to-income ratios compared to the South. As Dan Usher, economics director at Marrons, notes in Property Week: “When Right to Buy figures are added to those of stock that has been demolished, it quickly becomes clear that a huge property deficit has formed.”

    The Right to Buy scheme has faced criticism from politicians. In the lead-up to the general election, Greater Manchester Mayor Andy Burnham called for the scheme to be abolished in Greater Manchester.

    After years of stagnation and uncertainty, Usher notes that the housing sector is closely monitoring the government’s plans to address the social housing crisis. He points out that what was noticeably absent from a recent speech by Chancellor Rachel Reeves were promises of substantial funding and resources.

    “There was an allusion to supporting planning authorities, with the promise of training 300 new planning officers. However, this is unlikely to have the desired impact, due to the resource black hole facing many councils across the UK,” said Usher.

    The economics director is urging the government, local authorities, and developers to work together to ensure the new, ambitious targets are achieved, and says a regional, data-led approach is essential.

    “From directing resources to struggling planning authorities to ensuring that regions receive the correct housing types, identifying and catering to regional differences is imperative to fixing the housing crisis,” he concluded.




    To reach hundreds of thousands of new readers and to make the biggest impact we can in the next general election, we need to grow our donor base substantially.


    That’s why in 2024, we are seeking to generate 150 additional regular donors to support Left Foot Forward’s work.

    We still need another 117 people to donate to hit the target. You can help. Donate today.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    La société singapourienne Frasers Property va privatiser une société d’investissement immobilier cotée (REIT) pour 1,1 milliard de dollars

    Property

    Inovalis Real Estate Investment Trust : bénéfice foncier ajusté de 621 000 dollars canadiens au premier trimestre

    Property

    Mubawab affirme son virage technologique sous un nouvel actionnariat

    Property

    Krona Public Real Estate augmente son résultat d’exploitation

    Property

    Simon Property Group, Inc. : Stifel Nicolaus toujours positif

    Property

    Purple Pepe listed on major crypto exchanges, enters US real estate market

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Haïti – Gold Cup 2025 : Calendrier des matchs des Grenadiers

    Commodities

    The state’s highest agriculture honor awarded

    Cryptocurrency

    Should Universities Offer Courses on Digital Currency?

    Editors Picks

    Ukraine Leased Agricultural Land for $14.2 Million During Last Half of 2024

    April 3, 2025

    Lyon Investments augmente le prix de son offre pour Sinarmas Land

    May 11, 2025

    Bhutan’s Green Cryptocurrency Revolution: Pioneering a Sustainable Digital Future

    April 16, 2025

    EU braces for new currency? « Euro Weekly News

    February 13, 2025
    What's Hot

    Would You Benefit From Investing in Cryptocurrency?

    March 25, 2025

    Augmentation du bénéfice net et du chiffre d’affaires de Federal Agricultural Mortgage au premier trimestre

    May 9, 2025

    comment faire pour revendre du métal précieux ?

    March 18, 2025
    Our Picks

    Kentucky solar on hold until 2035 unless ‘more competitive’

    October 21, 2024

    NSE completes a year in commodity derivatives: What’s next?

    October 11, 2024

    gold price today: Gold Price Today: Yellow metal opens at Rs 68,272/10gm, silver at Rs 81,450/kg

    July 30, 2024
    Weekly Top

    Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency

    May 13, 2025

    La fintech Chime dépose une demande d’introduction en bourse aux États-Unis

    May 13, 2025

    inauguration de l’unité de production de Clermont-Ferrand

    May 13, 2025
    Editor's Pick

    Matières premières : « L’or profite du désordre »

    March 22, 2025

    Farm Foundation Announces 2025 Agricultural Economics Fellow

    April 1, 2025

    SRS Real Estate Partners Promotes Exec to President, Eyes National Growth » Dallas Innovates

    July 12, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.