Homelessness in the UK and the housing crisis

Homeless Europeans in the UK need to fix the paperwork and fill in the procedures, required to stay lawfully in the country post-Brexit. Many such people are anxious, doubtful and waiting for the Brexit to conclude. The homeless European include those who have been living in and working in the country for more than 15 years, they want to stay but for some reason, they could not find a job.  People from countries like Lithuania and Romania are facing challenges since Briton voted to leave the country in 2016. There is no relevant consensus of such homeless rough sleepers, and charities say the figures can be much higher where the hidden ones are living in temporary homes and sleeping on transports.  

Currently, they are unclear about how Britain will leave the EU, while, they do not have enough documents to stay back.  Many of them need to apply for the settled status and require legal documents; otherwise, they would be unable to obtain the social welfare benefits and healthcare and may fall in the category of illegal EU migrants. Many such people fear deportation, and so avoid contacting the services to get the exact information. 

Long-term vacant properties grow

Construction of more than 120,000 potential new homes was reported across England in the year 2018, where two-thirds of the sites are ready to deliver homes in 5 years. The CPRE said the Brownfield land development can provide a steady supply of new homes, but some reports state the government inappropriately favors the private housing markets. The last year report by Housing Review found a huge imbalance in funding between private and affordable market housing, where 79 percent of the funding was allocated to private markets. 

The 12-months official data of long-term vacant properties in England show such properties grew 5.3 percent in a year to October to 216,186. The supply was low in London, while, the number of empty homes increased at the rate of 11 percent to 22,481. The boom in house price is a consistent reason for the slowdown in the housing markets, where authorities need to take actions to stop the formation of a property bubble. The recent reports by IMF find the country should impose tougher mortgage limits to prevent overseas buyers from destabilizing the markets.

Funding towards affordable homes will be increased 

The UK Housing Review 2019 edition of last four years find the investment in government’s housing increased and will reach £70bn to 2023.  The investment in the Affordable Homes Programme will get £9.1bn and it will increase by £2bn as a result of Theresa May’s last year pledge and £3.42 bn of the council's money through borrowing. Such changes can increase spending on affordable home to £15bn in four years. Experts believe the only way to produce affordable homes at affordable rents is to increase the subsidy levels, which will allow the social landlords to build more homes. 

To know more about UK properties, click Hamilton International Estates (www.hamiltoninternationalestates.com).

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  • Chiltern House Business Centre
    64 High Street,
    Burnham, Bucks
    SL1 7JT, United Kingdom

  • Email : info (@) hamiltoninternationalestates.com
  • Phone number : +44(0)1628 397840

Disclaimer - Hamilton International Estates is acting as an agent in marketing products and services for many other companies. Hamilton International Estates is not authorised to give investment/tax advice and you should seek independent financial and legal advice prior to making any investment decision. All forecasts are based on historical performance and are purely indicative. The value of your property may rise or fall. No guarantees as to future performance in respect of income or capital growth are given either expressly or by implication and nothing expressed or implied should be taken as a forecast of future performance. This is not an offer to participate in a collective investment scheme as defined in the Financial Services and Markets Act 2000 (section 235) and as such buyers have no access to statutory or regulatory protections including the Financial Ombudsman Service and the Financial Services Compensation Scheme. Hamilton International Estates is not regulated by the FCA and is not authorised to offer advice to the general public concerning any regulated or unregulated investment. Although every care has been taken to make sure that the information in this brochure / website is accurate, Hamilton International Estates cannot accept any responsibility for mistakes or omissions. You should take your own professional advice before taking or refraining from any action based on the contents of this brochure / website which are only intended as a general outline to the matters referred to in it. All content, product description and illustrations in this factsheet, brochures and website are purely marketing material provided by the companies that we work as agents for. Hamilton International Estates registered address Chiltern House Business Center, 64 High Street, Burnham, Bucks, SL1 7JT, United Kingdom, Company Registration Number 10767032 is a sales and marketing agent.