Making Housing more Affordable: The role of intermediate tenures (Real Estate Issues) PDF
Preview Making Housing more Affordable: The role of intermediate tenures (Real Estate Issues)
This page intentionally left blank Making Housing More Affordable The Role of Intermediate Tenures Edited by Sarah Monk Deputy Director Cambridge Centre for Housing and Planning Research Department of Land Economy University of Cambridge UK Christine Whitehead Director Cambridge Centre for Housing and Planning Research Department of Land Economy University of Cambridge and Professor of Housing Department of Economics London School of Economics and Political Science UK This edition fi rst published 2010 © 2010 Blackwell Publishing Ltd Blackwell Publishing was acquired by John Wiley & Sons in February 2007. Blackwell’s publishing programme has been merged with Wiley’s global Scientifi c, Technical, and Medical business to form Wiley-Blackwell. Registered offi ce John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, United Kingdom Editorial offi ce 9600 Garsington Road, Oxford, OX4 2DQ, United Kingdom 2121 State Avenue, Ames, Iowa 50014-8300, USA For details of our global editorial offi ces, for customer services and for information about how to apply for permission to reuse the copyright material in this book please see our website at www.wiley.com/wiley-blackwell. The right of the author to be identifi ed as the author of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by the UK Copyright, Designs and Patents Act 1988, without the prior permission of the publisher. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. Designations used by companies to distinguish their products are often claimed as trademarks. All brand names and product names used in this book are trade names, service marks, trademarks or registered trademarks of their respective owners. The publisher is not associated with any product or vendor mentioned in this book. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold on the understanding that the publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional should be sought. Library of Congress Cataloging- in-Publication Data Making housing more affordable : the role of intermediate tenures/edited by Sarah Monk, Christine Whitehead. p. cm. — (Real estate issues) Includes bibliographical references and index. ISBN 978-1-4051-4714-9 (hardback: alk. paper) 1. Low income housing—Great Britain. I. Monk, Sarah. II. Whitehead, Christine HD7287.96.G7M35 2010 363.5’820941—dc22 2010018326 A catalogue record for this book is available from the British Library. First edition typeset in 10/13pt Trump Mediaeval by MPS Limited, A Macmillan Company, Chennai, India Printed in Malaysia 1 2010 This page intentionally left blank The Royal Institution of Chartered Surveyors is the mark of property professionalism worldwide, promoting best practice, regulation and con- sumer protection for business and the commu- nity. It is the home of property related knowledge and is an impartial advisor to governments and global organisations. It is committed to the pro- motion of research in s upport of the effi cient and effective operation of land and property markets worldwide. Real Estate Issues Series Managing Editors Stephen Brown Head of Research, Royal Institution of Chartered Surveyors John Henneberry D epartment of Town & Regional Planning, University of Sheffi eld K.W. Chau Chair Professor, Department of Real Estate and Construction, The University of Hong Kong Elaine Worzala Professor, Director of the Accelerated MSRE, Edward St. John Department of Real Estate, Johns Hopkins University Real Estate Issues is an international book series presenting the latest thinking into how real estate markets operate. The books have a strong theoretical basis – providing the underpinning for the development of new ideas. The books are inclusive in nature, drawing both upon established tech- niques for real estate market analysis and on those from other academic disciplines as appropriate. The series embraces a comparative approach, allowing theory and practice to be put forward and tested for their appli- cability and relevance to the understanding of new situations. It does not seek to impose solutions, but rather provides a more effective means by which solutions can be found. It will not make any presumptions as to the importance of real estate markets but will uncover and present, through the clarity of the thinking, the real signifi cance of the operation of real estate markets. Books in the series Greenfi elds, Brownfi elds & Housing Economics, Real Estate & the Supply of Land Development Evans Adams & Watkins 9781405118620 97806320063871 Development & Developers Planning, Public Policy & Property Markets Guy & Henneberry Edited by Adams, Watkins & White 9780632058426 9781405124300 The Right to Buy Housing & Welfare in Southern Europe Jones & Murie Allen, Barlow, Léal, Maloutas & Padovani 9781405131971 9781405103077 Housing Markets & Planning Policy Markets and Institutions in Real Estate & Jones & Watkins Construction 9781405175203 Ball Mass Appraisal Methods 978140510990 Kauko & d’Amato Building Cycles: Growth & Instability 9781405180979 Barras Economics of the Mortgage Market 9781405130011 Leece Neighbourhood Renewal and Housing Markets 9781405114615 Edited by Beider Towers of Capital: Offi ce Markets & 9781405134101 International Financial Services Mortgage Markets Worldwide Lizieri Ben-Shahar, Leung & Ong 9781405156721 9781405132107 Making Housing More Affordable: The Role The Cost of Land Use Decisions of Intermediate Tenures Buitelaar Monk & Whitehead 9781405151238 9781405147149 Urban Regeneration in Europe Global Trends in Real Estate Finance Couch, Fraser & Percy Newell & Sieracki 9780632058412 9781405151283 Urban Sprawl Housing Economics & Public Policy Couch, Leontidou & Petschel-H eld O’Sullivan & Gibb 9781405151238 9780632064618 Real Estate & the New Economy International Real Estate Dixon, McAllister, Marston & Snow Seabrooke, Kent & How 9781405117784 9781405103084 Economics & Land Use Planning British Housebuilders Evans Wellings 9781405118613 9781405149181 Forthcoming Urban Regeneration and Social Urban Design in the Real Estate Sustainability Development Process Colantonio & Dixon Tiesdell & Adams 9781405194198 9781405192194 Transforming Private Landlords Real Estate Finance in the New Economic Crook & Kemp World 9781405184151 Tiwari & White 9781405158718 This page intentionally left blank Contents Contributors ix Foreword by Lord Richard Best, OBE xiii Acknowledgements xvii Glossary xix 1 Introduction 1 Sarah Monk and Christine Whitehead SECTION A WHAT IS INTERMEDIATE HOUSING? 15 2 Intermediate housing tenure – principles and practice 19 Christine Whitehead and Judith Yates 3 International experience 37 Kathleen Scanlon SECTION B MEASURING THE PROBLEM 57 4 Methods for estimating need for intermediate housing 63 Alan Holmans and Sarah Monk 5 Modelling the take-up of low-cost home ownership 81 Alex Fenton SECTION C SECURING INTERMEDIATE HOUSING 97 6 Intermediate housing and the planning system 101 Tony Crook and Christine Whitehead 7 Securing key worker housing through the planning system 120 Nicky Morrison SECTION D WHO BENEFITS FROM INTERMEDIATE HOUSING? 135 8 Different tenures, different households? 141 Youngha Cho and Christine Whitehead viii Contents 9 Targeting groups: key workers’ needs and aspirations 165 Kathleen Scanlon 10 Shared ownership: does it satisfy government and household objectives? 183 Anna Clarke 11 Working with government policy in the East of England: a case study of implementation 201 Sarah Monk SECTION E INTERMEDIATE HOUSING AND THE ECONOMY 225 12 Intermediate housing products and the housing cycle 229 Michael Jones 13 The impact of the economic downturn on low-cost home ownership in the UK 247 Gemma Burgess 14 Conclusions 261 Sarah Monk and Christine Whitehead Appendix 1 The products 277 Appendix 2 Defi nitions of intermediate housing for use in negotiating planning obligations 281 References 283 Index 299
Description:The list of books you might like
