Tag #Affordable Housing

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news.sky.com

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Jul 2, 10:12

UK to Build 180,000 Social Homes by 2035

The UK government plans to build 180,000 new social homes by 2035, a sixfold increase over the last decade, backed by a £39bn investment, aiming to alleviate the housing crisis despite challenges from rising construction costs.

UK to Build 180,000 Social Homes by 2035

The UK government plans to build 180,000 new social homes by 2035, a sixfold increase over the last decade, backed by a £39bn investment, aiming to alleviate the housing crisis despite challenges from rising construction costs.

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What is the immediate impact of the announced plan to build 180,000 new social homes?

Angela Rayner announced plans to build 180,000 new social homes in the next 10 years, a sixfold increase compared to the previous decade. This is part of a larger plan to build 300,000 social and affordable homes by 2035, backed by a £39 billion investment.

elpais.com

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Jun 21, 22:14

Écija Residents Face Eviction After Affordable Housing Sale

Residents of 91 affordable housing units in Écija, Spain, face eviction after the building's sale to a debt-ridden company, who now plans to sell the units at a higher price; a court ruled against residents' claim of improper sale notification.

Écija Residents Face Eviction After Affordable Housing Sale

Residents of 91 affordable housing units in Écija, Spain, face eviction after the building's sale to a debt-ridden company, who now plans to sell the units at a higher price; a court ruled against residents' claim of improper sale notification.

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What immediate actions are being taken to address the plight of the 91 families facing potential eviction due to the sale of their affordable housing units?

Residents of 91 affordable housing units in Écija, Spain, face eviction after the building's 2021 sale to a debt-ridden company. The new owner plans to sell the units, potentially at a much higher price than the purchase cost, leaving residents anxious and uncertain about their future. A court ruled against residents' claim that they weren't properly informed of their right to pre-emptive purchase.

elpais.com

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Jun 19, 07:15

Madrid's Sureste Plan: Affordable Housing Promise Unfulfilled

The Madrid Sureste Plan, launched in 1997, aimed to create 120,000 affordable homes but due to delays and the 2008 financial crisis, only one area, El Cañaveral, is largely completed, with housing prices tripling since 2015, making them unaffordable for the intended low-to-middle-class families.

Madrid's Sureste Plan: Affordable Housing Promise Unfulfilled

The Madrid Sureste Plan, launched in 1997, aimed to create 120,000 affordable homes but due to delays and the 2008 financial crisis, only one area, El Cañaveral, is largely completed, with housing prices tripling since 2015, making them unaffordable for the intended low-to-middle-class families.

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What are the primary consequences of the delays in the Madrid Sureste Plan, and how has this affected the affordability of housing intended for lower and middle-class families?

The Madrid Sureste Plan, initiated in 1997, aimed to build 120,000 affordable homes. However, due to the 2008 financial crisis and subsequent delays, the plan is significantly behind schedule and affordable housing has become unaffordable, with prices increasing from an estimated €100,000 in 2000 to €500,000 in 2025.

bbc.com

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Jun 16, 07:17

Soaring Complaints Expose Flaws in England's Shared Ownership Housing Scheme

Shared ownership schemes in England are facing a surge in complaints, with a nearly 400% increase in the past five years, due to issues with repairs, costs, and selling properties, leaving many feeling trapped and financially disadvantaged.

Soaring Complaints Expose Flaws in England's Shared Ownership Housing Scheme

Shared ownership schemes in England are facing a surge in complaints, with a nearly 400% increase in the past five years, due to issues with repairs, costs, and selling properties, leaving many feeling trapped and financially disadvantaged.

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What are the key systemic issues driving the sharp increase in complaints regarding shared ownership schemes in England?

Shared ownership, marketed as a pathway to homeownership, is facing increasing criticism due to high complaint numbers. A recent BBC investigation revealed a nearly 400% surge in complaints to the housing ombudsman over the past five years, primarily concerning repairs, costs, and sales difficulties. Two London residents, Diana and Chris, detailed their negative experience, selling their property at a £10,000 loss after a difficult two-year sales process.

smh.com.au

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Jun 13, 07:12

NSW Inquiry Reveals Critical Housing Shortage for Essential Workers

A parliamentary inquiry in NSW, Australia, found that essential workers, such as nurses and teachers, are facing a severe housing crisis, with some resorting to sleeping in cars due to unaffordable commutes and housing costs; the inquiry recommends that Housing NSW take over control of essential wor...

NSW Inquiry Reveals Critical Housing Shortage for Essential Workers

A parliamentary inquiry in NSW, Australia, found that essential workers, such as nurses and teachers, are facing a severe housing crisis, with some resorting to sleeping in cars due to unaffordable commutes and housing costs; the inquiry recommends that Housing NSW take over control of essential wor...

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What long-term strategies are required to ensure sustainable access to affordable housing for essential workers in NSW, and what are the potential risks of inaction?

The NSW housing crisis disproportionately impacts essential workers, who often earn too much for affordable housing programs but not enough for market rates. This forces many to accept unstable housing or long commutes, affecting their well-being and potentially impacting the delivery of vital services. The inquiry's recommendation for Housing NSW to take over control aims to address this systemic issue.

bbc.com

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Jun 12, 01:15

UK Announces £39 Billion Housing Investment to Tackle Housing Shortage

The UK government announced a £39 billion, 10-year investment in social and affordable housing to build 1.5 million homes, aiming to address a severe shortage, particularly in London where waiting lists are at a 10-year high; however, the immediate impact on families currently homeless remains uncle...

UK Announces £39 Billion Housing Investment to Tackle Housing Shortage

The UK government announced a £39 billion, 10-year investment in social and affordable housing to build 1.5 million homes, aiming to address a severe shortage, particularly in London where waiting lists are at a 10-year high; however, the immediate impact on families currently homeless remains uncle...

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What is the immediate impact of the government's £39 billion investment in social and affordable housing on families currently experiencing homelessness, such as Danielle's?

Danielle, a mother of three, has experienced repeated relocations due to homelessness following a "no fault" eviction. The government's newly announced £39 billion, 10-year investment in social and affordable housing aims to address such crises, though its impact on Danielle's immediate situation remains uncertain.

bbc.com

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Jun 26, 10:15

Shared Ownership Scheme Faces Criticism Amidst Concerns Over Costs and Transparency

A BBC investigation into shared ownership in the UK revealed widespread complaints about costs, transparency, and repairs, prompting concerns from MPs and shared owners, one of whom called the scheme a "gimmick". The government is considering improvements.

Shared Ownership Scheme Faces Criticism Amidst Concerns Over Costs and Transparency

A BBC investigation into shared ownership in the UK revealed widespread complaints about costs, transparency, and repairs, prompting concerns from MPs and shared owners, one of whom called the scheme a "gimmick". The government is considering improvements.

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How do the complexities of leasehold ownership intersect with shared ownership, contributing to the issues faced by owners like Lee?

Lee's experience highlights systemic issues within shared ownership, including high and unpredictable service charges (exemplified by a £5,000 bill for minor work), lack of transparency, and difficulties in selling due to nomination periods. These issues connect to broader concerns about leasehold complexities and affordability, impacting the mental health of some owners and leading many to reconsider their participation. The government's response includes a commitment to improve transparency of service charges and to consider further steps to improve the shared ownership experience.

elpais.com

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Jun 19, 19:15

Navarre Passes New Affordable Housing Law, Implementing Lottery System and Landlord Registry

The Navarre Parliament approved a new affordable housing law introducing a lottery system for 80% of protected rental housing, prioritizing those under 35 or over 60 and registered in the municipality, while creating a large landlord registry to control prices in 21 tensioned areas and expanding ren...

Navarre Passes New Affordable Housing Law, Implementing Lottery System and Landlord Registry

The Navarre Parliament approved a new affordable housing law introducing a lottery system for 80% of protected rental housing, prioritizing those under 35 or over 60 and registered in the municipality, while creating a large landlord registry to control prices in 21 tensioned areas and expanding ren...

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What are the potential long-term impacts of this law on housing affordability, market dynamics, and social equity in Navarre?

This legislation represents a significant shift in Navarre's housing policy, potentially impacting housing access for various demographics. The registry of large landlords and expanded rental data could influence market dynamics and affordability, while the lottery system may increase fairness but could also lead to challenges in allocation.

elpais.com

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Jun 17, 19:17

Catalonia Rent Regulation: Prices Down, Short-Term Rentals Up

Catalonia's first year of rent regulation (Q1 2024-Q1 2025) shows decreased prices (-4.9% to €866 average, -8.9% in Barcelona to €1087), new contracts (-21% overall, -22.5% in Barcelona), but a 56% surge in short-term rentals, totaling 11% in Q1 2025; despite this, overall rental contracts grew by 3...

Catalonia Rent Regulation: Prices Down, Short-Term Rentals Up

Catalonia's first year of rent regulation (Q1 2024-Q1 2025) shows decreased prices (-4.9% to €866 average, -8.9% in Barcelona to €1087), new contracts (-21% overall, -22.5% in Barcelona), but a 56% surge in short-term rentals, totaling 11% in Q1 2025; despite this, overall rental contracts grew by 3...

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How have landlords responded to the rent regulations in Catalonia, and what are the consequences of these responses?

Rent regulations in Catalonia resulted in decreased rental prices and new contracts, but a significant increase in short-term leases suggests landlords are circumventing price controls. The overall number of active rental contracts increased by 3,112, with nearly 8,000 in tension markets.

es.euronews.com

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Jun 13, 19:13

EU Housing Crisis: Soaring Prices Disproportionately Impact Young People

The EU housing crisis, marked by a 48% increase in housing prices and 22% rise in rents in 2023, disproportionately affects young people, with many spending over 40% of their income on housing; successful models in Germany, Flanders, and Denmark show how government intervention can mitigate this.

EU Housing Crisis: Soaring Prices Disproportionately Impact Young People

The EU housing crisis, marked by a 48% increase in housing prices and 22% rise in rents in 2023, disproportionately affects young people, with many spending over 40% of their income on housing; successful models in Germany, Flanders, and Denmark show how government intervention can mitigate this.

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What are the most significant impacts of the EU's housing crisis on young people?

The EU housing crisis has driven up housing prices by 48% and rents by 22% in 2023, exceeding overall inflation of 36%. This disproportionately impacts young people, with many spending over 40% of their income on housing and facing high rates of overcrowding.

fr.euronews.com

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Jun 13, 22:10

EU Housing Crisis: Soaring Costs Disproportionately Impact Young People

Soaring housing prices (up 48%) and rents (up 22%) in the EU in 2023 disproportionately affect young people, with 26% experiencing overcrowding and many spending over 40% of their income on housing, highlighting the need for policy changes.

EU Housing Crisis: Soaring Costs Disproportionately Impact Young People

Soaring housing prices (up 48%) and rents (up 22%) in the EU in 2023 disproportionately affect young people, with 26% experiencing overcrowding and many spending over 40% of their income on housing, highlighting the need for policy changes.

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How have market forces and policy failures contributed to the current housing crisis in the EU?

Rising housing costs, exceeding inflation (36% in 2023), stem from market forces and insufficient construction since the 2008 financial crisis, according to Housing Europe's Sorcha Eduards. This has widened the gap between housing costs and income, exacerbating the crisis and impacting young adults' ability to live independently. The overreliance on market forces has created a situation where housing affordability is severely compromised.

theguardian.com

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Jun 11, 01:15

£40bn Housing Investment Announced

Chancellor Rachel Reeves announced a nearly £40bn, 10-year investment in affordable housing, significantly increasing funding for local authorities, private developers, and housing associations, alongside allowing a 1 percentage point above inflation rent increase for social landlords.

£40bn Housing Investment Announced

Chancellor Rachel Reeves announced a nearly £40bn, 10-year investment in affordable housing, significantly increasing funding for local authorities, private developers, and housing associations, alongside allowing a 1 percentage point above inflation rent increase for social landlords.

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What is the immediate impact of the announced increase in affordable housing funding?

Rachel Reeves, the Chancellor, will nearly double government spending on affordable housing to approximately £40bn over 10 years. This significant increase in funding will be allocated to local authorities, private developers, and housing associations, boosting the housebuilding sector and accelerating progress towards government housing targets. The funding will also allow social landlords to increase rents by 1 percentage point above inflation for the same period.

Showing 73 to 84 of 324 results