32m people think UK's homes are "not fit for purpose" - 5 big problems right now - Mirror
- Date: 26/03/2019
By Emma Munbodh. Britain's housing crisis stretches far beyond just not being able to save a deposit - with millions now trapped in suffocating leaseholds.
Leasehold properties and the current lack of housing stock form the two biggest property issues right now, according to a report.
The quality of Britain’s homes is the fastest growing problem - with almost two thirds of adults now citing it as a serious concern, a YouGov poll by the Homeowners Alliance found.
It comes just a week after tenants won new rights to sue landlords who fail to pass safety tests on mould, damp and poor living conditions.
"It is shocking that in a country that is a leading world economy that so many people have serious concerns about the quality of our old and new housing stock, whether they are renting or are owner occupiers. We need more decent housing for more of us," explained Paula Higgins of the HomeOwners Alliance.
Kim Vernau, of BLP Insurance, who also commissioned the study, said: "The results of this survey cast another dark shadow over a housing industry rife with systematic faults.
"The Government and the housebuilding industry have come under severe pressure to meet targets and boost housing volumes. This has resulted in a noticeable drop in both the practical design and build quality of new houses, as well as poorly thought through schemes, such Help-to-Buy.
"The government scheme has buoyed the residential sector, keeping prices artificially high, but cracks have started to appear, and its collapse could leave thousands of first time buyers stranded in negative equity. In an already stagnating market, where harmful practices like guzundering are commonplace, poor quality of build and the plausible threat of depreciating asset value are compounding pre-existing caution from potential buyers and investors. To restore confidence in a faltering sector, more emphasis needs to be placed on improving quality of build and resisting short-term populist solutions to our deepening housing crisis.”
Read the full article on the Mirror