An Analysis of the Affordable Housing Crisis in London

Abstract

The topic of this dissertation is to analyse the affordable housing crisis in London, it is evident that the government policies and schemes used in the past have failed to address the issue in the past with continued media attention and the affected parties continuing to voice their opinion on the lack of efficiency of the policies against combating the crisis and the poor structure around the past set of policies. This dissertation will aim to discuss the issues with those past policies and schemes in the research context of London and will research whether the current policies and schemes are having a positive effect on the crisis. The research methodology chosen for this dissertation was a quantitative methodology. The chosen method of research was a questionnaire where snowball sampling was used. A total of 36 participants responded to the questionnaire. The only constraints were that the participants had to be living or working in London. The research was conducted to uncover three findings through quantitative analysis, i.e. descriptive statistic and cross tabulation. - Confirm that most Londoners are first time homebuyers as discovered in the literature review as being a key target group. - If the current policies and positively effecting the affordable housing crisis in London - Which factors are the biggest contributing factors to the crisis The final findings confirmed that the majority of Londoners fit into the first time homebuyer demographic and also discovered that the current set of flagship housing policies was not combating the crisis efficiently and that future flagship policies should take into account specific zones for tailor made targets. The main conclusions were that three key areas that affected group showed with current set of policies were, a lack of understanding, a lack of awareness and the lack of affordability not being addressed.