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Housing policy and finance

Housing policy and finance

Balchin, Paul, Isaac, David and Rhoden, Maureen (1998) Housing policy and finance. In: Balchin, Paul and Rhoden, Maureen, (eds.) Housing: the essential foundations. Routledge, London, UK, pp. 50-106. ISBN 978-0415160070 (hardback), 978-0-203-01042-6 (e-book)

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Abstract

During the period of the Thatcher and Major governments, 1979–97, Conservative housing policy reduced the amount of public expenditure on housing, brought about a marked reduction in housebuilding in the social sector, was instrumental in raising rents ahead of inflation in both the private and social rented sectors, privatised much of the local authority housing stock and the financial responsibility for housing rehabilitation, replaced local authorities by housing associations as the major providers of social housing, and increasingly left owner-occupiers free to face the vagaries of the market. By the late 1990s, however, owner-occupation was even more entrenched as the dominant tenure (in contrast to its lesser importance in many other European countries), while problems of affordability had become increasingly apparent in each of the housing sectors. This chapter seeks to explain the relationship between policies and housing markets in recent years and specifically examines:

Housing supply and housing need.
House-building and the house-building cycle.
The marketisation of the private rented sector.
Local authority housing: investment, rents and subsidies.
The changing role of local authorities: from providers to enablers.
Privatisation: the selling off of council estates to their tenants, estate privatisation, the privatisation of rehabilitation.
Housing associations: the new providers.
Owner-occupation: intervention or liberalisation? A policy of contradiction.
Affordability and subsidisation.
Housing tenure.

In conclusion, the chapter contains case studies on the finance of private rented housing and on earnings, rents and house prices in each of the housing sectors.

Item Type: Book Section
Additional Information: [1] Other University of Greenwich staff have authored chapters in this book. List of contributors: Paul Balchin, Gregory Bull, David Isaac, Maureen Rhoden, John O'Leary, Jane Weldon, Pauline Forrester, Mark Pawlowski, R.Shean McConnell [2] Available as an e-book in MyiLibrary: http://lib.myilibrary.com/Open.aspx?id=19503
Uncontrolled Keywords: housing policy, housing finance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Pre-2014 Departments: School of Architecture, Design & Construction
School of Architecture, Design & Construction > Department of Property, Housing & Regeneration
School of Architecture, Design & Construction > Sustainable Environments Research Group
Related URLs:
Last Modified: 14 Oct 2016 09:15
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/5846

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