Perché la crisi immobiliare di Londra è importante per l’economia del Regno Unito?
https://www.bbc.co.uk/news/articles/c1k0lyy7wvdo
di BulkyAccident
Perché la crisi immobiliare di Londra è importante per l’economia del Regno Unito?
https://www.bbc.co.uk/news/articles/c1k0lyy7wvdo
di BulkyAccident
6 commenti
On a micro level, rent on my room as gone up £400 in the last 2 years. Landlord claims this is “just to be in line with market rate”. I’m aware he no longer has a mortgage on the property and I imagine he’s not the only small landlord in town having conversations with his accountant about maximising his income.
I’ve made successful efforts to get a higher paying job but more and more of my income just goes on housing costs and I don’t get more for my money, if I decide to leave then I’m one of thousands of others looking for somewhere to rent (try looking for somewhere on Spare Room as a single male, we aren’t very popular..) and risk homelessness if I get that wrong. To be smart I need to move out of London, but that’s where all the jobs for my line of work are. A £400 income gap really hits my ability to save and contribute to the local economy.
But nice to know my landlord’s pot is going up, feel like nationally we’re just tiptoeing around this without doing anything decisive because naturally we have landlords in government and apparently asking the wealthier to help us out navigating post-pandemic problems is a big taboo, even though we’re heading towards a future of mega corporation landlords owning all the properties and charging extortionate rates with millions of homeless applications alongside.
I read the article and still don’t know why this is bad for the UK economy. People will just have to look outside London to places where the economy is growing faster, such as Manchester.
It was far enough on the horizon to be safely ignored before but Millennials will begin approaching retirement in 25 years, which is just 5 or so elections away. That’s close enough to be something that politicians will pay attention to. If too many are still in privately rented property then that will torpedo the economy. Housing is the next big political battleground.
It’s caused by Sadiq Khan making new developments unaffordable with his demands: 35% of a development to be affordable housing, design demands that reduce units per acre etc.
Last year just 2,527 new homes were built in London, because developers are no longer bothering to submit plans for permission.
Two weeks ago, Khan loosened his criteria, so we shall see if that changes anything.
But he’s basically wasted 5 years on unaffordable ideology even though he was warned of the consequences.
Just move somewhere. No one can live whatever they want.
If people are having to save up massive deposits and then pay large mortgages then that’s money they can’t spend on shopping, movies, down the pub etc etc.