The UK is “ill-prepared” to deal with housing problems exacerbated by the COVID-19 pandemic, with younger households set to suffer most, the Chartered Institute of Housing (CIH) has warned.
In its annual Autumn Briefing Paper, the institute said the Westminster government’s investment plans do not match the scale of housing need emerging from the crisis.
Governments in Scotland, Wales and Northern Ireland are in the same position, it added, partly as a result of being held back by delays in setting the UK Budget.
Social landlords’ abilities to find the huge investment needed in new social rented housing is hampered by strains on resources such as huge fire safety bills, the paper said.
On the private housing market, it claimed: “Without doubt younger households are bearing the brunt of the reworking of the housing market (and of the economy), despite measures to support first-time buyers.”
By Nathaniel Barker, please read the full article on Inside Housing.