By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Britain’s Housing Market Needs a Rebuild
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Britain’s Housing Market Needs a Rebuild
News

Britain’s Housing Market Needs a Rebuild

Fesadeb
Last updated: 2019/08/07 at 6:16 PM
Fesadeb Published August 7, 2019
Share
SHARE

Report a mispronounced word The FT’s report on the Taylor Wimpey chief executive’s view of the UK’s Help to Buy scheme records just one more criticism of a scheme that would be better described as “help to profit” . The chief impact has been to inject billions into the bottom line of mass housebuilders.

That this money might have been better spent elsewhere is now a statement of the obvious. Successive governments’ housing policies have been disastrous, failing to provide the genuinely affordable, well-built, appropriately located, secure homes that so many desperately need and want.

It is time that we rethought Britain’s whole approach to housing. A place to live is a human right, like clean air and water. Local governments should play a major role in guaranteeing that, with their potential access to land, ability to borrow long term and cheaply, and democratic accountability.

The homes need to be built to the highest standards of energy efficiency, for the benefit of both the residents and the planet in this age of climate emergency.

And households need secure homes, ones in which they can become part of the local community, give their children steady progress through schooling, where older citizens can build friendships that combat loneliness. We are seeing slow changes, with political pressure forcing modest increases in renters’ rights, taxation changes limiting landlords’ profits and councils allowed to borrow for building homes.

This all needs to move much faster. This is crucial for people and communities, but also our economy. Capital needs to go into productive assets, into an economy reshaped by the green new deal, rather than ever-rising house prices.

Source: ft

You Might Also Like

Senator Akintunde Advocates Full Privatisation of Power Sector, Calls for Subsidy Reintroduction

Ohanaeze Youths Hail Launch of Enugu Air, Say Mbah Unlocking Economic Opportunities

Ogun Government to Launch Environmental Watchdog to Tackle Floods, Waste, and Infrastructure Abuse

Governor Lawal Distributes 59,205 Bags of Fertiliser to Boost Agriculture in Zamfara

How NASS, FRC Collaboration Boosted GOEs’ Surplus from N200bn to Over N2trn

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb August 7, 2019 August 7, 2019
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?