Two things need to happen to make that possible. One is an injection of cash from the Treasury which was conspicuous by its absence from the Autumn Statement. The other is planning reform.
However, the AHP has faced challenges recently. It consists of £11.5bn worth of capital funding. It was announced in 2020 to deliver homes for social rent and shared ownership over five years between 2021 and 2026.providers say that inflationI hear from local councils week in, week out who say they struggle to rehouse tenants living in conditions that could make them unwell because, put simply, they don’t have anywhere for them to go.
From Thatcher to the present day – helped along by New Labour – council homes have been sold off, state housing has been outsourced to arm’s length bodies and private renting has been deregulated. Now, millions of people live in squalor with too little recourse against their landlords. When we spoke over the phone, Marmot was in Hong Kong. He told me in no uncertain terms that the rising cost of energy will lead to fuel poverty which could mean that people on low incomes living in poor housing are unable to heat their homes this winter, putting their health at an even greater risk.
Zoopla’s executive director for research Richard Donnell is predicting that UK house price growth is likely to move into negative territory next year. However, he thinks the likely hood of a crash is low.