There is something of an oddity in the debate over the nature of the problems facing the UK housing system, and therefore by implication where the focus of policy attention is best directed. I’ve remarked on it before but it struck me forcefully this week when reading Christian Hilber’s new briefing, prepared with the aim of informing the election debate, UK housing and planning policies: the evidence from economic research. This was reinforced by Andrew Lilico’s contrarian post at CapX yesterday, which argues that there is no housing crisis and never was one. I don’t agree with Lilico’s overarching argument, but in the course of his discussion he makes a very important point. [Read more…]
I’m not sure quite how I missed it the first time around. Most probably because, like many policy commentators, I’m inclined to focus too closely on the relatively parochial and the marginal shifts in domestic policy position.
As a consequence of this failure to look sufficiently far beyond the end of my own nose I only recently became aware of the Geneva UN Charter on Sustainable Housing, a document that was finalised back in October 2014. This document is not legally binding, but it offers a potential resource in ongoing discussions over the direction and ambition of housing policy emanating from Westminster. [Read more…]
As we move towards the General Election strands of news and snippets of information have emerged which circle around the issues but there is a gap in the middle where the story could – and should – be.
I’m thinking here of housing-related aspects of the party manifestos: cuts in inheritance tax on property versus mansion taxes. I’m thinking of the observation that buy-to-let lending was the only component of mortgage lending not to stall in February. I’m thinking of Hannah Fearn’s argument that removal of the obligation to invest pension pots in annuities can be interpreted as a move to recapitalize the bank of mum and dad. And finally I’m thinking of Christine Lagarde’s words of support for George Osborne’s strategy for economic management.
So what’s the story that is missing? [Read more…]
Rumours have been circulating in the housing policy ether for several months now. Given the housing policy influence of the Policy Exchange at No 10 those rumours should have been, and were, treated seriously.
And now it looks like those rumours are well-founded. They’ve only gone and done it. The Conservative manifesto pushes the Policy Exchange line that local authorities should be forced to sell high value properties in order to fund building new properties in lower value areas, and, if elected, they are proposing to extend the Right to Buy to housing associations. This opens up the possibility of an extra 1.3 million households having the chance to buy their home at a discount.
This is supposed to be the Conservatives’ big offer. Although, to be fair, it would seem to be a big offer targeted at a relatively small group of people – housing association tenants who earn enough from stable employment to be able to afford a property which, even at a substantial discount, is going to be a financial stretch.
Despite what some people seem to think, extending the Right to Buy to housing associations is not a new idea. [Read more…]
For this podcast I am joined again by Ken Gibb to discuss housing policy ideas emerging from the political parties in the run up to the General Election. We review some important discussions over the future direction for aspects of housing policy in Scotland, and reflect on the development of policy competition between the Edinburgh parliament and Westminster. We also consider one or two policy proposals emanating from other commentators.
(Running time: 50′ 05″) [Read more…]
I’m not sure whether anyone is tracking the frequency with which stories about the UK’s problems appear in the media, but intuitively you get the sense that it is increasing. Barely a day seems to pass now without something appearing prominently somewhere. Housing is not just on the agenda but moving up the agenda.
Quite a lot of this something is someone identifying a problem or an injustice. The arguments here are now becoming relatively well-rehearsed. The increased frequency with which this situation is being articulated and reported is more about turning up the volume, sharpening the focus and broadening understanding than it is about adding significant new dimensions to the story.
It is about moving concern for these issues into the mainstream. Housing is a major public policy concern, not just a problem for a minority perceived to be directly affected or a fascination for the community of housing policy wonks. [Read more…]
The signs of housing stress accumulate. On top of established problems of affordability among young people living independently we are seeing increasing numbers of households sharing and a rise in multigenerational households as children find it more and more difficult to leave the parental home.
A sense of injustice about the state of the housing market sits just below the surface of many conversations across generations. It doesn’t take much to trigger some heated words from those who feel they have been shut out of the housing market by the selfish actions of their elders. Something I experienced again the other day.
Allister Heath has a comment piece in today’s Telegraph in which he highlights what he describes as Westminster’s deafening conspiracy of silence over the major policy challenges facing the UK. He highlights three policy areas. The first two are funding the NHS and dealing with the public spending deficit.
The third is the dysfunction of the housing market. Here he argues: [Read more…]
[First posted at the SPS blog: Comment and Analysis, 21/01/15]
The housing problems facing the UK are multifaceted. They include the failure to build sufficient new dwellings to keep pace with population growth; significant market volatility; problems of affordability for both owners and renters; and problems of insecurity in the private rented sector.
The Coalition government has been quite strong on rhetoric and has announced a succession of new policies and initiatives. In the social housing sector these have included changes to subsidy, tenancy security, regulation, and rent levels. The Coalition has had rather less success in bringing affordable, secure accommodation within reach of a greater proportion of households. Indeed, housing circumstances have become more precarious for many.
In the run up to the General Election, the Chartered Institute of Housing has published a series of policy essays looking at various aspects of the housing challenge and the policy responses not only in housing, but also in related areas such as welfare reform.
In the most recent essay in the series I have provided a perspective on the future of social housing, focusing on housing associations in England. The essay covers four broad areas: the squeeze; looking beyond housing; narratives; and marginal voices. [Read more…]