With the development and progress in the economy, I expect higher housing prices in the future. Laws issued by the government on housing are excellent. An example of demolition of buildings that pose a danger to people living in them. Some laws passed by the government such as increased control or high rent, This reduces fraud in rent housing. The housing owner must execution all conditions.
Availability The first challenge in rural area is that of product availability. One may design the best product and yet not sell it because it is simply not available of the final customer. But having said this Indian rural market has huge potential because 1 in 8 individuals in this world reside in Indian villages. But the reason why they are underserved is because of the challenges in accessing them. The diverse terrain and inadequate infrastructure mean that getting products to every individual in the village is prohibitively expensive.
Many families face the challenges of public housing. Not only it is the struggle to get access to the public housing, but it is also very difficult to get out of public housing environment. The reasons that people find themselves in a situation when they need public housing are economic and social. Poverty is a complex prevalent social issue throughout the United States. Most citizens consider personal deficiencies to be the primary cause for poverty.
ECONOMICS In many parts of the world, there is a shortage of available and affordable housing for people to buy. It may be because of scarcity in land supply and increase in the population. Land is a limited resource and the means to buy it is also limited. The rapid increase in the population has led to an increase in the demand of land. In many parts of the world, the Government implements monetary and fiscal policies to control the supply of land.
Housing Scenario in India Housing being one of the basic needs of human beings assumes multifaceted significance in terms of degree of economic well being and human development as well as socio-cultural progression and political stability. The development of satisfactory housing has always been the priority of both the central and state governments. A rapid rise in population results in higher demand of dwelling units for residential purposes. This coupled with the growth in household formation and increased urbanization in search of employment opportunities has resulted in severe pressure on urban infrastructure in recent years. The consequence has been overcrowding and unhealthy living environment, shortages of basic amenities and finally
The National Association of Home Builders estimates that building 100 new affordable housing for households which have low income, contributes to the creation of 80 jobs from the direct and collateral effects of construction and 42 jobs supported by the induced effects of the spending (Wardrip, Williams & Hague, 2011). By building affordable housing, people can be in a sizeable and sustainable condition, more opportunities to increase the character of life in order to avoid the unemployment, and especially reduce
Housing prices are determined by the relations of demand and supply, and it is likewise any other goods and services in the market economy (Hashim, 2010). The increased population will lead to the increase in housing demand (Mohd. Tawil, Hamzah, Khoiry, Che Ani, & Basri, 2011). High demand in housing and low people’s demand for owner-occupied housing is generally caused by not only the housing price, but also population growth, household formation rate and income growth (Flavin & Yamashita, 2002). Changes in the quantity of housing demanded will affect the housing supply, thus posing a direct impact on housing price.
Affordable Housing Social leased, moderate leased and intermediate housing are given to qualified families whose necessities are not met by the business sector (Communities and Local Government 2012). Qualification is resolved with respect to local incomes and local house prices. Reasonable should include provisions to stay at a moderate cost for future qualified families or for the subsidy to be reused for option reasonable housing provision. As characterized in area 80 of the Housing and Regeneration Act of 2008, social rented housing is owned by local authorities and private enlisted providers for which rule target rents are determined through the national rent regime. It might likewise be owned by different persons and provided under
As a result, the government should build more affordable housing for poor people. Investing in affordable-housing can bring profit and it is a safe investment for every company. The demand for affordable housing is large and stable, so compared to the commercial housing projects, the investment in social housing projects seems still less risky investment for owners’ investment (Stock investment, 2015). In the same way, supporting low and middle income households to find and live in affordable housing is essential to the competitiveness of the nation’s economy. To illustrate this, a study by Ryder (2015) found that, for every £1comapny invests, housing associations invest up to £6 of their own money.
In addition, the demand for houses can be controlled by foreign investments which mean that the government prevents international speculators from buying houses. Foreign-investment controls can decrease the rate of buying houses. The third solution is refuse vacant houses, which means that the people who buy houses are not allowed to empty the houses; thus, this solution can reduce the demand of speculators for the houses. Secondly, the Australian government can implement two policies to increase the supply of houses. The first policy could establish the affordable housing for citizens, which means that lower income households