Housing needs to be “top of the agenda” for the incoming prime minister, according to property management firm Apropos by DJ Alexander.
Apropos believes that whichever party wins office they need to “immediately” respond to the UK’s growing housing problem and develop a coordinated response which involves building more social housing, maintaining and developing a better private rented sector (PRS), and encouraging affordable home ownership.
David Alexander, managing director of Apropos, said housing has become one of the “key issues” in the UK as the population increases, the number of smaller households rises, and the number of older people increases all of which has ensured that “demand far outstrips supply”.
He added that there needs to be a “coordinated and unified” approach to resolving the issue which involves the three main pillars of the housing market: home-owners; the private rented sector; and social housing.
Alexander said: “With the UK population set to increase by over 300,000 people a year for the next 25 years demand will continue to be strong and rather than set one group against the other the market needs to respond as a whole.”
“We are now seeing the market change as more people live in the PRS for longer for a number of reasons.”
He added: “Sometimes it is necessity but often it is through choice whether to allow greater flexibility and mobility for employment or, increasingly, among older renters who choose to rent somewhere for lifestyle and affordability reasons allows them to rent somewhere that they might not otherwise be able to afford.”