A national housing shortage
The UK is facing a housing crisis. That’s a fact. For many years, the UK has failed to build the number of new houses needed. The severity of the situation is now abundantly clear – we simply cannot ignore the need to build new homes.
The failure of housing supply to meet the increase in demand has led to a growing gap between salaries and house prices. This has meant large numbers of people have been priced out of the market and are unable to get a foot on the property ladder. Typically, first time buyers now require a deposit of over £48,000; almost twice the average annual salary.
New housing is also needed to respond to changes in demographics. It is predicted that the number of individual households in Knowsley Borough will increase by 7.9% between 2015 and 2037, from 62,538 to 67,496 – an increase of 4,958 households. In addition, the Borough’s population is expected to rise by 1.2% from 2015 to 2037 – that’s over 1,700 people.
A local need
But, like many places, Knowsley does not have enough housing of the right size, type, tenure and quality to meet the demands of existing residents or the predicted needs of the area. In particular, there is a shortage of larger, executive homes and of smaller, affordable properties. As outlined in the Council’s Local Plan Core Strategy (2016), which guides future development in the Borough, Knowsley Council will need to grant consent for 8,100 new homes by 2028 to meet growing demand; that’s 450 new homes each year.
The Council has also recognised that there is an overall shortage of housing land within the urban area, including brownfield sites. As such, the authority has released Green Belt land for development, including the land at Halsnead Park which has been identified as suitable for delivering up to 1,600 new homes. Bloor Homes’ proposals will deliver the first phase of development at the site, providing up to 360 much-needed new homes, suitable for first time buyers, families looking to upsize and older people looking to downsize.
Click here to find out more about Bloor Homes’ proposals for Whiston.