Breakingviews - UK’s housing mess requires costly fix
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Reuters
UK Housing Crisis: Prime Minister Keir Starmer aims to address the worsening housing crisis by pledging to build 1.5 million new homes and reform planning laws, but will require public funds and cooperation from private developers who are currently hesitant due to high costs and low demand.
Funding Challenges: The government may need to increase rents for affordable housing and potentially introduce a new housing fund in the upcoming budget to support local authorities and housing associations, which have faced significant funding cuts and rising maintenance costs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
