We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Resolving Urban Housing Problems in the United Kingdom - Essay Example

Comments (0)
Summary
According to some disturbing reports published recently by the Joseph Rowntree Foundation (JRF) by the year 2022 there could be a huge deficit between housing needs and the real supply level in Britain. The urban centers in the UK including London and Greater London areas have been subject to the brunt of pressure coming from three major segments of demand - firstly expanding populations within the cities; secondly local immigrants; and thirdly foreign immigrants…
Download full paper
GRAB THE BEST PAPER
Resolving Urban Housing Problems in the United Kingdom
Read TextPreview

Extract of sample
Resolving Urban Housing Problems in the United Kingdom

Download file to see previous pages... pp.293-307). Finally foreign immigrants have invariably sent the prices of housing in urban centers skyward. As for the supply constraints private builders account for a greater percentage of the total supply while Council Housing is almost defunct.
This paper would place greater emphasis on the supply side problem associated with urban housing problem in the UK. While supply constraints have been responsible largely for the current housing problems in the UK urban sector, some exogenous variables like large scale immigration from the Eastern European countries after the EU enlargement have also contributed in a sizeable measure to them. For instance potential job-seekers from the three first tier countries - Poland, Bulgaria and Romania - have been attracted to prospering urban centers in the UK, including London. Their demand for new houses has driven house prices and rents up thus causing an unprecedented trend in the housing market. The following diagram illustrates the fact that the average rent in London divided into five areas depending on the relative price differentials has been rising considerably fast. The net result is higher house prices and rents caused by falling supply and rising demand. ...
Figure 1: Demand for and Supply of free market housing in selected London locations
Price (Rent)

1450
1183



The supply constraints can be attributed to five endogenous and exogenous variables,
Rising real interest rates
The current global economic downturn and financial crisis
Falling profit margins
The government's efforts to control inflation
Rising land prices
Real interest rates in the EU in general and the UK in particular has been rising at a steady rate and as a result housing suppliers have been borrowing less and investing less. Coupled with increasing demand the situation has worsened, especially when real interest rates keep on rising housing suppliers tend to increase prices and rents. However the rent might be determined by some other factors as well. For example when Council housing supply is virtually at a standstill private suppliers tend to increase rents unless council restrictions on rents apply (Gibb, 2003. pp.89-114).
Secondly current economic downturn and the financial crisis have forced private suppliers to target only a small group of potential buyers as represented by young executives. Young married couples holding executive jobs have driven up housing prices in almost every urban center in the UK. For example London, Glasgow, Lancaster and York all have experienced rising housing prices and rents. The impact of the economic recession has forced private house builders to reduce not only the area of the apartment but also the facilities (Salins, 1987. pp.67). Suppliers tend to make their forecasts depending on the economic trends such as housing bubbles and cyclical demand fluctuations.
Profit margins of ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Sustainable Housing in United Kingdom
Through the research it has been the attempt to focus on the issue of sustainable housing. The paper gives some examples of Eco friendly constructions in United Kingdom. On the basis of this discussion the paper concludes with the view that the well-being of future generation should be taken into consideration by the construction industry.
42 Pages(10500 words)Dissertation
Housing and Urban Regeneration
Wang and Murie (1999, p971) explain that housing inequality in countries such as China was minimal in the past since the level of consumption was very low. Housing reforms in Britain came into the picture due to intrusion of market forces which affected changes in the availability of houses and thus, changing the housing consumption levels.
7 Pages(1750 words)Essay
The Role of Trade Unions in the United Kingdom
The Role of Trade Unions in the United Kingdom Table of Contents Table of Contents 2 Mergers in trade unions 7 Trade unions post agenda and priorities 9 Conclusion 16 Reference List 18 Introduction The transformation of the European nations in the 18th and 19th century from an agrarian and rural society to one which was founded on industrial production in factories, mills, mines, and textiles gave birth to the idea of trade unions (Howell, 2009:16).
14 Pages(3500 words)Essay
Critical Appraisal of Contemporary Urban Housing Problems
The waiting lists for social housing are getting shortened with the changes in the market. There are three types of housing accommodations available; one type is difficult to let, the other housing is very popular location-wise
11 Pages(2750 words)Essay
Urban Land use Issues and Concepts within London
Urban designing requires to address the concepts of the compact city, increased density of land and space use and the resultant increase in social, leisure and employment activity incurring from tourism, live& work and mixed use design of the constructions.
10 Pages(2500 words)Essay
Why are so many young people homeless What policies would help move towards resolving these issues
Head of Commission for Equalities and Human Rights, Trevor Philips and the Australian academia have asserted that non-white Britons and White Britons are turned out to be more segregated. On the other hand,
10 Pages(2500 words)Essay
HOUSING SYSTEMS (urban planning)
Lately, the differences in housing and social policy have become narrowed done between United States and Netherlands. The purpose of this article is to examine the way United States and Dutch have approached to two identical
5 Pages(1250 words)Essay
HOUSING SYSTEMS (urban planning)
These problems need to be addressed in order to make housing an affordable concern for every class of society. To a great extent, it will serve as a stimulator for reducing the poverty level of the
5 Pages(1250 words)Essay
Urban Problems
Louis Wirth was one of the Chicago school scholars who wrote a paper in urban sociology, precisely on urbanism as a way of life. According to Wirth, urbanism is determined by the population density and the heterogeneity of the individuals within an urban setup. He emphasized
4 Pages(1000 words)Essay
Interactive spatial urban planning
The urban spatial planning does not influence human health through the physical environment planning only, but also through the issues of
5 Pages(1250 words)Essay
Let us find you another Essay on topic Resolving Urban Housing Problems in the United Kingdom for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us