According to office for National Statistics, annual population growth in the UK today stands at 0.6%. increased life expectancy and increased net migration to the UK are the two main contributing factors. As the UK population continuing to increase it place further pressure on the housing and environment. Also, UK population growth is due to a relatively high birth rate which contribute to housing shortages and burgeoning prices. Furthermore, housing crisis is affected by the policies such as right -to -buy and properties left dormant as assets that worsen by the population growth.
This raising of the transportation and housing costs put pressure on families, making them abandon the basic and critical needs, or taking depts. Families face the house cost problem by moving and living in low-cost houses which are far away from their jobs, but they do not put in their consideration the transportation cost. If a family kept some money from housing cost, they will find themselves paying that money to transportation. Affordable housing can help the low-income families, it allows families to save money, better health and job. Providing affordable housing in the main stations and in transit-rich areas is important for the low-income families to reach their housing and their jobs easily, because most of the houses are near to transits are expensive which make it difficult to low-income families access these areas.
It should be noted that affordable housing market is opened to specific consumers. 3. Complicated applicant selection. In general speaking, the number of affordable housing supply is less than the demand, because if the supply is higher than demand, it will fall down the housing price and affect the commercial housing
A big issue is regarding the housing market. Welfare based on housing asset is based on the assumptions that the price of a house will increase at a faster pace than inflation and will continue to do so. However the housing markets of many countries have shown that the housing market is inevitably volatile. thus, many people reap the benefits or have to face the disadvantages which mostly depend on their timing of entry or exit from the housing market. Not only do the individuals face the consequences of this but the governments also have to face certain challenges.
Over the last 10 years, the natural resources boom has further led to escalating prices and rentals to unaffordable levels for the average Papua New Guineans (Chand and Yala, 2012). The demand and supply of rental housing market in the macro and micro economic sector of the country determine the market for housing. As a result, the by-product of the demand and supply has given rise to the speculative pricing of houses in the city as well as at the fringes of the cities (Marcus 1992; Burgess 1982,
The City of Cape Town cannot seem to provide affordable and accessible housing to those who need it. This is seen by the growth of informal settlements around townships, especially those close to industrial areas. One of the possible reasons for this is the rapid growth in property inflation rates of around twelve percent which is almost double the rate of inflation in Cape Town (Silber:2016). In an attempt to cater for the growing middle class of the country, gentrification takes place. Gentrifications is a process whereby previously derelict and damaged areas are refined and upscaled in order to match the tastes of a growing middle-class an example of an area in Cape Town undergoing gentrification in Cape Town would be Woodstock.
From 1960’s to 1970’s Singapore’s government established the two-child policy as it was concerned over uncontrolled population growth..The 1950s to 1960s was known as the “baby boom” era. The government had to deal with the challenge of providing jobs for the people as well as providing for healthcare, housing and transport needs. At that time, many Singaporeans were living in crowded housing and some in relatively unsanitary conditions. The ‘baby boom’ also led to large labour force supply and there were insufficient jobs to meet the demand. The two-child policy was very effective in curbing population growth.
This is one of the main reasons one could assume that the cost of construction has also risen. The demand would make people pay more in order to have a decent home in which to live. However, there were costs of land that was sold for RM 80 square
Old buildings that were constructed in the nineteenth and early twentieth centuries usually have fewer floors; they have to be pushed down to build modern skyscrapers to give a higher economic value and marginal benefit to the property development companies as well as the government. Also, more land is required to meet the needs of growing population as more dwellings are required to provide residential, social and cultural facilities. Hong Kong land issue and housing problem are so critical that the government should do a tradeoff, by giving up the heritage preservation to meet the social needs. The heritage preservation projects may not be fully supported by the major public. Conservation of the historical buildings involves a lump sum of taxpayer’s money.
ABSTRACT: One of the major sectors of the Indian economy is Construction and also is an integral part of the development of Indian economy. There is an increase in the demand for housing in India as it has the second largest urban population in the world. This increase in demand has become a problem and to deal with this problem India should plan for rapid creation of housing units and acquisition of land. The complex process of construction basically involves the areas of Architectural planning, Engineering & Construction. For large housing projects, speed should be given greater importance.