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Housing co-operatives are uncommon in the UK, making up about 0.1% of housing stock. [102] Most are based in urban areas and consist of affordable shared accommodation where the members look after the property themselves. Waiting lists can be very long due to the rarity of housing co-operatives.
Public housing became needed to provide "homes fit for heroes" in 1919, [5] [6] then to enable slum clearance.Standards were set to ensure high-quality homes. Aneurin Bevan, a Labour politician, passionately believed that council houses should be provided for all, while the Conservative politician Harold Macmillan saw council housing "as a stepping stone to home ownership". [7]
Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
The Housing Acts of 1985 and 1988 facilitated the transfer of council housing to not-for-profit housing associations with access to private finance, and these new housing associations became the providers of most new public-sector housing. The characterisation of council houses as 'problem places' was key for leading this movement of ...
The affordability of housing in the UK reflects the ability to rent or buy property. There are various ways to determine or estimate housing affordability. One commonly used metric is the median housing affordability ratio; this compares the median price paid for residential property to the median gross annual earnings for full-time workers.
Public housing in the United Kingdom has typically consisted of council houses, often built in the form of large estates by local government councils. Becontree in The London Borough of Barking & Dagenham is generally considered to be the largest council estate (in terms of population).
These new housing associations were also the providers of most new public-sector housing. By 2003 36.5% of the social rented housing stock was held by housing associations. [3] Currently, some of the biggest housing associations in the UK are Clarion Housing Group, Sanctuary Housing, L&Q and Peabody Trust, to name just a few.
Housing (Temporary Accommodation) Act 1944; Housing Act 1949; Housing and Finance Institute; Housing and Planning Act 1986; Housing and Planning Act 2016; Housing of the Working Classes Act 1885; Housing of the Working Classes Act 1890; Housing of the Working Classes Act 1900; Housing, Town Planning, etc. Act 1909; Housing, Town Planning, &c ...