Memorandum by National Association of
Estate Agents (AFH 39)
The general consensus of opinion is that the
Association, through its members, is not sufficiently knowledgeable
to comment on the majority of the bullet points outlined within
the press notice on this subject.
Issues surrounding the provision of affordable
housing and matters such as demand and the procedures supporting
the creation of affordable housing schemes is not one in which
our members have a direct interest or involvement.
The Association's members who are primarily
involved in providing estate agency services within the owner
occupied sector well recognise that in light of present levels
of house price inflation and also the increased demand by investors
in purchasing homes under Buy to Rent initiatives, it is making
it extremely difficult for young first time buyers to obtain a
first step on the housing ladder.
Clearly, the conditions that are prevalent at
the moment are caused by the issue of supply and demand and perhaps
also by the lower level of new homes being constructed. This may
be due to a wide range of circumstances, including planning directives
geared towards development of brown-field sites rather than green-field
sites and also the issue of planning gain, which may be causing
a log jam in the approval mechanism.
Affordable housing has to be targeted at individuals
within the community who cannot through their own efforts obtain
housing accommodation either within the private rented or owner
occupied sectors. Circumstances which might act as barriers, particularly
to young people, clearly involve their ability to find sustainable
employment and salaries that enable them to support a mortgage
assuming that they are in a position to have been able to save
for a minimum deposit to put down on a home.
With the exception of these very general comments
we feel unable to submit formal answers to the range of questions