Housing is a hot political topic

As some of the most passionate architects London has to offer we understand the continued challenges that the high demand and restricted supply of homes are causing. We have played a role in helping to resolve the situation, particularly with our involvement in creating modern homes on tricky sites in Croydon for the local Council. These kinds of projects could change as a result of the General Election though.

Not surprisingly housing is a hot issue in the current political climate and remains a major part of the manifestos of different political parties. We have taken the time to have a look at the stance of the three main ones to get an idea of the potential impact it could have on the architecture industry.

The Conservative manifesto has an interesting point about housing. They claim that they will build a new generation of social housing because the private sector is not keeping pace with demand. This is a reversal of the long-held stance of the party. The hope is that more can be done to get local authorities to build in their areas.

The Labour manifesto says solving the housing crisis is the number one priority. Their plan is to build at least 100,000 council and housing association homes each year of the Parliament. These properties would be targeted for affordable rent. To help with this the party would establish a Department for Housing.

The Liberal Democrats have long focused on housing as an important part of their manifesto. They would like to create a Housing and Infrastructure Development Bank. They claim this would allow up to 300,000 homes to be built every years. How? By taking steps to encourage land owners to sell assets so it can be built on and lift borrowing caps for local Councils.

It seems that each political party is focused on increasing home building in the UK to help boost supply. This could translate to more work for property developers, architects, builders, and a myriad of tradesmen. This would in turn have a positive impact on the economy.

At Coffey Architects we will be waiting to see the results of the election and if the successful party or parties meet their manifesto pledges. If they do it could have a big impact on housing in London and across the whole of the UK.