With only 20 days to go until election day, the Conservative party published their manifesto revealing their ambitions and plans for the next couple of years to come, including some big hopes for Britain’s property sector.
In the party’s manifesto for 2017, Theresa May dedicated two whole pages to the current issue of adequate housing for everyone in the UK.
The manifesto kicks the section off by explaining if the situation won’t be fixed, the promise of adequate housing for everyone can’t be kept up. The key to fixing the currently dysfunctional housing market is to build enough houses to meet the demand, so the report.
This increase in house building will then lead to a slower rise in property prices and will therefore make it easier for everyone to make it onto the property ladder. Or at least find affordable rental accommodation.
So far, most people would probably agree with the manifesto. As per usual, the devil is in the detail and, in this case, in the ways of how to achieve this dream.
So let’s have a look at the nitty-gritty:
As a final note on housing, the manifesto states that “these policies will take time, and meanwhile we will continue to support those struggling to buy or rent a home, including those living in a home owned by a housing association.”
How a Conservative Government is going to achieve those changes in order to fix the housing crisis hasn’t been addressed yet in the manifesto, which probably isn’t too surprising as a manifesto is more of an overview of a party’s intention and principles rather than a step-by-step guide to a solution.
* Promise – We won’t send you anything but the weekly newsletter