CHALLENGES FACING THE SOCIAL HOUSING SECTOR

Challenges Facing the Social Housing Sector

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Challenges Facing the Social Housing Sector



Introduction

Living systems, in particular, to a market economy, are dynamic and open to changes in both the short and long term. An analysis of housing subsidies is to describe and explain such changes, preferably in a way that can be applied in all different countries. Social housing in Europe is widely acknowledged that in retirement and on the defensive (HM, 2010,38-67). Housing System UK has changed as much as all of Western Europe in recent decades of strong growth in homeownership spurred by sales of residential tenants, the fall in third the supply of social rental housing since 1976. Companies understand the process of change in British social housing since 1970, used a variety of conditions, such as residualization, privatization, transformation and restructuring. Each approach gave valuable information about the reference may be limited. They are all variations of what could be called a story of decline, which has dominated the debate on social housing, the generation that the sector has declined and a greater focus on housing the less fortunate (Hills,2007,37-64). However, a number of recent participation in the housing literature discussed in terms of changes in the idea of ??modernization, and if, as sales development and to propose new, era of decline is its head, and modernization can be seen as a better term, a positive future.

The Challenges

The combination of favorable economic conditions and financial and tight housing supply has led to sharp increases in real house prices in Britain from mid-1990 and the end of 2007. Housing demand was driven by solid revenue growth and higher mortgage and real interest rates fell and lending standards were relaxed. Housing investment has also encouraged a tax system that promotes living in other tenures. Land Policy unduly restrictive zoning is not responsible for the left supply and demand, thus helping to reduce the housing shortage and affordability. Affordability was the deterioration of the stagnant growth of real estate in 2003. Although the extra supply in the private rental market has offered an alternative property of a significant number of households, social housing waiting list grew rapidly (Hills, 2007, 37-64). The rise in property prices were in part a symptom of the growing economic imbalances and make the economy vulnerable to the global financial crisis. Since the crisis broke out, revealed weaknesses in financial institutions, residential investment plummeted and housing prices fall, weighed on private consumption.

A well-functioning housing market is essential for economic prosperity and well-being. Developments in the housing market can affect macro-economic volatility, financial stability, competitiveness and growth, distribution of wealth, social conditions and the quality of the environment. To respond to housing needs and enhance the stability of the housing market, both supply and demand side policies should be considered (Hilber,2010,46-97). This paper provides an overview of recent developments in the UK housing market and discusses policy options to improve the effectiveness and stability of the housing system, including ...