Most UK political parties want to see the biggest house building programme since 1950. To replace aging tenement blocks with quality apartments and homes, particularly at the low price end of the market. To increase supply, particularly in the South East, of both rental and sale properties
Housing stock, particularly around London, is too expensive and much of that stock is deteriorating. Some communities exist around failing lifts, graffiti filled walls, and criminality on the doorstep.
Elsewhere in the UK some housing stock needs total renovation, not least to ensure buildings are safe from fire, whilst others require complete demolition.
With insufficient rented accommodation and insufficient freehold stock those who are at the lower end of the income spectrum are unable to rent or buy and, simultaneously, save. This is not good for society. Rent should not require more than one third of earned income and payment of a mortgage not more than one half. Interest rates have been low for a long time and that means that many will have mortgages which become unsustainable if interest rates rise, which in the fullness of time, they are bound to do so particularly if Brexit happens. It is not satisfactory to live in a world which can see house prices charge ahead in one year and then fall back in the next. The house is an investment for life.
People need houses, and apartments. The country needs to invest in housing stock and to do that it needs a growing economy, sufficient trained builders, plumbers, electricians, architects, painters and decorators. For such a major programme of investment we do not have sufficient people doing these jobs. Brexit will make it more difficult to get people with a trade being willing to work in the UK. REMAIN wants to see new housing stock and belives that remaining in the EU is the best way to provide the skills, the UK training and the investment to make this happen.Poor housing and its effect on communities is one of the reasons there was a negative vote in the Brexit referendum. REMAIN welcomes the cultural diversity, the globalisation and multitude of gifts and skills that EU citizens, and others from outside the EU bring to the UK.