Housing News Page 6

Carillion, The UK's second largest construction firm, has gone into liquidation, putting thousands of jobs at risk. The company is involved in numerous public sector contracts, including the management of prisons, schools and 50,000 Ministry of Defence homes. It is also one of the prime contractors for HS2, the high speed rail link being built to connect London with Birmingham, Leeds and Manchester. It is a principle construction contractor for Network Rail.
UK house sales are forecast to freeze in 2018, but a lack of housing stock will ensure prices do not fall significantly, according to the annual housing market report by the Royal Institution of Chartered Surveyors (RICS). The organisation expects property price growth to reduce further next year, while transactions are forecast to see a modest fall.
A new poll has revealed that 60% of Britons believe the government is unable to deal with important domestic issues because it is focusing all its resources on securing a Brexit deal. The survey by BMG Research for the Independent suggested a majority of people think “important domestic issues” are being ignored by ministers as they work towards a final divorce settlement between the UK and the European Union.
Among the many unenviable tasks faced by the Chancellor, Philip Hammond, is delivering more housing to a population for whom 'getting on the property ladder' is becoming increasingly tough.
Could building upwards – rather than outwards – solve the UK's continuing housing crisis? That's what one group of influential housing associations believes. Writing to the Chancellor Philip Hammond, housing associations G15, Placeshapers, Midland Heart, Orbit, and Place for People stated: "We believe that, "build up not out" has the potential to substantially increase the supply of sites for development.
Whether buying or renting, getting a roof over your head in the UK is far from cheap – particularly in the capital. With the world's eleventh-highest rents, London absorbs a large portion of the average worker's salary. The dearth of affordable accommodation is hitting wallets hard. But it's also putting people in tricky personal situations; a recent Independent article highlighted the issue of people staying in unhappy relationships because renting alone is just too costly.
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