Originally published as a column for Inside Housing on September 5.
The decline of owner-occupation in England resumed in 2015/16 after a brief uptick in the previous year.
The English Housing Survey shows that owner-occupation as a whole fell below 63% to return it to levels last seen in 1985, when the Right to Buy and Margaret Thatcher’s drive for a property-owning democracy were in full flow. The ownership rate is now down eight percentage points on its peak in 2003.
However, even that conceals the full scale of the decline. Owner-occupation is made up of two very different groups – people who own their home outright and those who are buying with a mortgage – and the split between them has changed radically over time.
Here are some key points that I picked out from the English Housing Survey for 2015/16:
1) Owning’s rise…
Outright ownership is still rising as people who first took out a mortgage 25 years or more ago pay it off. From 25% of households (4.5 million) in Mrs Thatcher’s heyday, it has grown to overtake mortgaged ownership two years ago and reach 34% (7.7 million) in 2015/16.
Originally published as a column for Inside Housing on August 29.
‘What makes the housing crisis so maddening is that there is a simple solution: Britain needs to get building.’
So ran a tweet a couple of weeks ago from The Economist about an article on How to Solve Britain’s Crisis. Unleash the market, build on the green belt and, hey presto, the housing crisis is over.
In fairness, the article’s proposition was a bit more complicated than the tweet implied – it also proposed reform of stamp duty and council tax – but it is still an illustration of the way that ‘simple solutions’ plague our thinking about housing.
What I mean by that is that there may well be good arguments that can be made for building on the green belt, or rent control, or building a million council houses, or prefabrication or any of the other quick fixes that are routinely trotted out.
It’s certainly hard to see a solution that does not involve more homes, better conditions for private renters, a greater role for local authorities and innovations in construction.
However, it’s quite different when one of them is proposed as the solution. Usually this is by one of the ‘unleash the market’ brigade who believe that the housing crisis is all down to planning.
Even at 70, the Edinburgh Festival just seems to keep getting bigger. Every time I go I think surely the expansion cannot continue but it does.
One big reason for that is that I should have said festivals rather than festival: the Edinburgh International Festival began in 1947 and continues to offer a programme at the highbrow end of the spectrum; the Fringe was started the same year by eight acts who were not allowed to take part but is now far bigger than the main event; the Book Festival is a relative youngster at 34; and the Free Festival began in 2004 as an alternative to the Fringe’s market economy. That’s not including the Film Festival and the Politics Festival, which used to be in August as well but have now moved to different times in the year.*
A second reason is that there can be few other cities in the world that have so many buildings that can be transformed into good venues. On top of the full-time theatres and concert halls and back rooms of pubs, there are countless university buildings, churches, chapels and halls and university buildings that can be used.
The irony is that the legacy of centuries of Edinburgh’s devotion to learning and Protestantism is an endless selection of places to buy an over-priced pint while toasting a statue of John Knox.