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Barker Review Of Housing Supply
The Barker Review of Housing Supply published its final report on 17 March 2004. The report was written by the economist Kate Barker and presented recommendations to the UK government for securing future housing needs. The findings of the report were: * That the UK had experienced a long term upward trend of 2.4% in real house prices over the past 30 years. * In order to reduce this rate of increase to 1.8% an additional 70,000 houses in England each year may be required. * In order to reduce this rate to the EU average of 1.1% an additional 120,000 houses each year may be required. The policy recommendations outlined in the report were: * For government to set a goal for improved market affordability. * Between £1.2 and £1.6 billion of additional funding per annum to meet predicted social housing needs. * Implementation of a planning gain supplement to capture some of the benefits of development for the community. * Establishment of a Regional Planning Executive to advise the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kate Barker
Dame Katharine Mary Barker (born 1957) is a British economist. She is principally noted for her role at the Bank of England and for advising the British government on social issues such as housing and health care. Early career Barker grew up in Stoke-on-Trent. She received a degree in Philosophy, Politics and Economics at St Hilda's College, Oxford in 1979 and then worked for a large pension fund in London. She was a research officer at the National Institute of Economic and Social Research (1981–85) and was the chief European economist at the Ford Motor Company in Brentwood (1985–94). From 1994 to 2001, she was chief economic adviser at the Confederation of British Industry (CBI). She was also a member of the HM Treasury's Panel of Independent Economic Advisers 1996–97; and a non-executive director of the Yorkshire Building Society (1999-April 2001). Barker was appointed as an external member of the Monetary Policy Committee of the Bank of England with effect from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Pricing
Real estate appraisal, home appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). The appraisal is conducted by a licensed appraiser. Real estate transactions often require appraisals to ensure fairness, accuracy, and financial security for all parties involved. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, etc. Sometimes an appraisal report is also used to establish a sale price for a property. Factors like size of the property, condition, age, and location play a key role in the valuation. Process for Obtaining an Appraisal Appraisals are often required by lenders for issuing or refinancing a loan. In such cases, when the borrower asks the lender for a loan or a refinance, the lender will order an appraisal. Once ordered, the borrower will have to schedule an appointment with the appraiser for the in-home visit. The appraiser will visit the property, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Affordable Housing
Affordable housing is housing which is deemed affordable to those with a household income at or below the median, as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affordable housing refers to mortgages and a number of forms that exist along a continuum – from emergency homeless shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, indigenous housing, and ending with affordable home ownership. Demand for affordable housing is generally associated with a decrease in housing affordability, such as rent increases, in addition to increased homelessness. Housing choice is a response to a complex set of economic, social, and psychological impulses. For example, some households may choose to spend more on housing because they feel they can afford to, while others may not have a choice. Increases in any housing supply (wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Housing
Public housing, also known as social housing, refers to Subsidized housing, subsidized or affordable housing provided in buildings that are usually owned and managed by local government, central government, nonprofit organizations or a combination thereof. The details, terminology, definitions of poverty, and other criteria for allocation may vary within different contexts, but the right to renting, rent such a home is generally rationed through some form of means-testing or through administrative measures of housing needs. One can regard social housing as a potential remedy for housing inequality. Within the OECD, social housing represents an average of 7% of national housing stock (2020), ranging from ~34% in the Netherlands to less than 1% in Colombia. In the United States, public housing developments are classified as housing projects that are owned by a housing authority or a low-income (project-based voucher) property. PBV are a component of a public housing agenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Planning
Regional planning deals with the efficient placement of land-use activities, infrastructure, and settlement growth across a larger area of land than an individual city or town. Regional planning is related to urban planning as it relates land use practices on a broader scale. It also includes formulating laws that will guide the efficient planning and management of such said regions. Regional planning can be comprehensive by covering various subjects, but it more often specifies a particular subject, which requires region-wide consideration. Regions require various land uses; protection of farmland, cities, industrial space, transportation hubs and infrastructure, military bases, and wilderness. Regional planning is the science of efficient placement of infrastructure and zoning for the sustainable growth of a region. Advocates for regional planning such as new urbanist Peter Calthorpe, promote the approach because it can address region-wide environmental, social, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Development Frameworks
A local development framework is the spatial planning strategy introduced in England and Wales by the Planning and Compulsory Purchase Act 2004 and given detail in Planning Policy Statements 12. In most parts of the two countries, maintaining the framework is the responsibility of English district councils and Welsh principal area councils. Background Planning Policy Statement 12: Creating Strong Safe and Prosperous Communities through Local Spatial Planning (commonly abbreviated as PPS 12), is a document produced by the British Government that sets out the Government's policy on the preparation of local development documents which will comprise the local development framework. The current version was introduced in June 2008 and replaces the original PPS 12: Local Development Frameworks which was produced in 2004. The local development framework replaces the previous system of county level structure plans and district level local plans, and unitary development plans for uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Infrastructure Fund
Community Infrastructure Fund (CIF) is a UK government initiative created as a joint venture by the Department for Transport and the Department for Communities and Local Government The Ministry of Housing, Communities and Local Government (MHCLG) is a ministerial department of the Government of the United Kingdom. It is responsible for housing, communities, and local government in England. It was established in May 200 ...., it was created following the recommendation of the Barker Review of Housing Supply. CIF was created to fund transport schemes that would promote new housing and community growth, to date there have been two iterations of the scheme, CIF Round 1 and CIF Round 2. The total amount of funding being allocated through the Round 2 was £300 million, £100 million of which was to develop the Thames Gateway region, with schemes competing for the remaining £200 million. The total cost of all the bidding schemes was over £1.1 billion . References Ministry o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Housing And Planning Advice Unit
The National Housing and Planning Advice Unit (NHPAU) was a quango, quasi-autonomous non-governmental organisation (officially termed a non-departmental public body) set up by the Government of the United Kingdom in 2006 and formally launched in June 2007, with the aim of advising the government on the impact of planned housing provision on affordability, and in an attempt to counteract the growing numbers of citizens who were struggling to get on the property ladder in England. The body was part of the Department for Communities and Local Government (DC&LG) and was abolished in the 2010 UK quango reforms. History Founded in 2006 in response to increasing house prices, lack of Affordability of housing in the United Kingdom, affordable housing and as the result of the direct recommendation of Kate Barker’s March 2004 Review of Housing Supply, in which it was recommended that a body be created which could offer expert advice on housing matters, particularly that of affordabilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Communities And Local Government
The Ministry of Housing, Communities and Local Government (MHCLG) is a ministerial department of the Government of the United Kingdom. It is responsible for housing, communities, and local government in England. It was established in May 2006 and is the successor to the Office of the Deputy Prime Minister, established in 2001. The department shares its headquarters building, at 2 Marsham Street in London, with the Home Office. There are corresponding departments in the Scottish Government, the Welsh Government, and the Northern Ireland Executive, responsible for communities and local government in their respective jurisdictions. Ministers MHCLG's ministers are as follows, with cabinet ministers in bold: The Permanent Secretary is Sarah Healey who took up her post in February 2023. History MHCLG was formed in July 2001 as part of the Cabinet Office with the title Office of the Deputy Prime Minister (ODPM), headed by the then Deputy Prime Minister, John Prescott. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Town And Country Planning In The United Kingdom
Town and country planning in the United Kingdom is the part of UK land law which concerns land use planning. Its goal is to ensure sustainable economic development and a better environment. Each country of the United Kingdom has its own planning system that is responsible for town and country planning, which outside of England is devolved to the Northern Ireland Assembly, the Scottish Parliament and the Senedd. History The term 'town planning' first appeared in 1906 and was first used in British legislation in 1909. The roots of the UK town and country planning system as it emerged in the immediate post-war years lay in concerns developed over the previous half century in response to industrialisation and urbanisation. The particular concerns were pollution, urban sprawl, and ribbon development. These concerns were expressed through the work of thinkers such as Ebenezer Howard and the philanthropic actions of industrialists such as the Lever Brothers and the Cadbury famil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
