Wednesday, July 17, 2019
Tuesday, July 16, 2019
UK's renting millennials face homelessness crisis when they retire
Report finds at least 630,000 will be unable to afford private rents on their pension income
More than 600,000 members of so-called ‘Generation Rent’ are facing an “inevitable catastrophe” of homelessness when they retire, according to the first government inquiry into what will happen to millennials in the UK who have been unable to get on the housing ladder as they age.
People’s incomes typically halve after retirement. Those in the private rented sector who pay 40% of their earnings in rent could be forced to spend up to 80% of their income on rent in retirement.
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10 Essential Planning Tips For A Garden Rooms
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I've seen the future and it's Norwich: the energy-saving, social housing revolution
The 100 homes on Goldsmith Street aren’t just smart and modern. They may be the most energy-efficient houses ever built in the UK. Could this be the start of proper social housing?
Rows of glossy black tiles glisten in the afternoon sun, dripping down the facades like a neatly controlled oil slick. They cap a long row of milky brick houses, whose walls curve gently around the corners at the end of the street, dissolving into perforated brick balustrades, marking the presence of hidden rooftop patios. A planted alley runs between the backs of the terraced houses, dotted with communal tables and benches, where neighbours are sitting down to an outdoor meal.
This is Goldsmith Street, a new development of around 100 homes, built by Norwich city council, without a profit-hungry developer in sight. They are not homes that fit into the murky class of “affordable”, or the multitude of “intermediate” tenures. This is proper social housing, rented from the council with secure tenancies at fixed rents. Not only that, it is some of the most energy-efficient housing ever built in the UK, meeting the exacting German Passivhaus standards – which translates into a 70% reduction in fuel bills for tenants. It might not look groundbreaking, but this little neighbourhood represents something quietly miraculous. And it almost didn’t happen.
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