PUSH commissioned DTZ Pieda to prepare the first housing market assessment, the initial stage of which was completed in 2005 with financialsupport from the CLG. Subsequent annual Housing Market Monitoring Reports were undertaken between 2006 and 2010. These reports have helped to shape policy, particularly the Local Investment Plan (developed between PUSH and the Homes and Communities Agency). They have also informed planning policies and helped to shape work on the Sub-Regional Spatial Strategy.
It is of benefit for PUSH to continue to monitor the housing market as part of its remit to ensure an effective housing market in south Hampshire and to inform PUSH policies and practice, in particular planning and housing strategies. The intention has been to commission a regular review using pre-determined indicators, whose findings will be presented as a report to the Partnership, but also to a wider audience within local government, central government and those with an interest in the residential propertymarket in South Hampshire.
The latest PUSH Housing Market Monitoring Report 2011 provides a snapshot of the housing market in South Hampshire and seeks to explain current and anticipated trends within the housing market, setting this within a regional and national context.
With economic repositioning in mind, the Housing Market Assessment 2011 suggests a number of approaches for consideration, some of which is summarised below:
Taking control of the new planning environment: with the ending of the RSS targets and the flexibilities of the new National Planning Policy Framework, as a long-established strategic partnership PUSH is ideally placed to use the new framework to help deliver combined housing and economic objectives.
Understanding existing social housing residents: in the context of benefit changes and the introduction of Universal Credit, especially the numbers affected and the financial losses they are exposed to through benefit capping and bedroom tax. Modelling of existing data and additional survey or tenant census work will be essential before the regulations come into force in April 2013, in order that policy responses can be considered.
Larger homes and high value homes: high-end industries will need to recruit or attract skilled and experienced managers and technicians, likely to be of reasonably mature ages and many with families. Access to high quality owner-occupied homes in a well-maintained public realm, with good social (schools, health) infrastructure is essential. This is primarily a planning and private sector concern, and local authorities will want to ensure that new developments are sustainable.
Role of housing associations (Registered Providers) : PUSH will want to enter into dialogue with associations about access to new developments and the make-up of new residents, especially about their incomes, ability to afford 80% market rents, and associations’ role in continuing to meet the housing needs of those on low incomes. There may also be models of intermediate market renting that could be developed jointly with housing associations.