affordable housing London

Campaigners to march over lack of housing

A large-scale rally held by over 35 organisations is set to take place on Tuesday 17th March to put the housing crisis at the heart of the general election campaign. The groups, which include Crisis, the Royal Institute of British Architects, the National Housing Federation, among others, are campaigning to significantly increase the supply of new build homes, including affordable properties, across the country to help tackle the chronic shortage of housing nationwide. Campaigners want to at least double the volume of new homes delivered annually to alleviate the pressure on the market due to the general supply-demand imbalance, caused largely by a lack of house building, in relation to demand, which has contributed significantly to soaring property prices and higher rents, which in turn has pushed up the rate of homelessness, according to some campaigners. Research conducted by Heriot-Watt University and published last November by the Joseph Rowntree Foundation explains how such trends might play out 25 years from now if no action is taken to boost the supply of new homes. With fewer people buying their own homes and social housing continuing to decline, more families will move to privately rented properties. By 2040, rents are forecast to…