The housing markets in England and Wales need structural reform

Government of the day take note please.

Structural/financial improvements are needed to be applied to all housing markets across England and Wales to avoid homelessness.

The responsibility to correct these ‘structural’ failures within our economy, which result in unacceptable hardship especially for those at the poorer end of the spectrum, should certainly not be placed solely at the door of the main opposition, or The Labour Party.

Considering that the problems have been largely the result of wrong Tory policy and Conservative thinking, it would seem to be more appropriate if the Conservatives should be the party to correct the anomalies.

Alternatively, of course, if the government should be undecided, unable or unwilling to put into effect the necessary adjustments to resolve the current housing crisis (and the resultant increased homelessness), The Labour Party would have a clear mandate to canvass for a majority on the basis that they would put into effect the correct remedies to cure the lengthening and deepening housing crisis if they should gain a majority at the next General Election.

This should be seen in the context that our national economy is otherwise one of the most successful economies on the planet.

It will be interesting to see which of the two main parties becomes the one to adopt and place into effect the necessary and urgently needed new policies and in doing so, win the support of the voting public once again.

Extra reading:
There was a great piece of journalism published by The Independent in August last year.
It explained that the crisis which we are currently seeing within the UK housing market is to do with polices put into place in the Thatcher era and later.
These anomalies cannot simply be wished away by trying to build thousands of privately owned and new social rented housing units.
The problem is a structural one not relating to the building of necessary houses but relating to the way the houses themselves are being both marketed and financed.

The title of the Independent article is:
Home ownership falls more in UK than any other EU country

The link to it is:
Aug 18 article in The Independent

For the complete solution to all of these issues, which could be achieved swiftly and economically, please go to:

The Hendry Solution: Full details of our proposals for properly reforming all housing markets in England and Wales.

Peter Hendry – author of The Hendry Solution

Since Rt Hon. James Brokenshire MP, Secretary of State for Housing Communities and Local Government is on Twitter and posting updates so I have tweeted to bring these new proposals straight to his attention as well as writing to my MP asking him to do the same.

About Peter Hendry

The Hendry Solution is a new open market technique for equalising buy and sell prices within all markets. It was originally conceived to correct the anomalies plaguing the UK housing marketplace. This method of resolving the housing crisis remains to be put to the test. The author recommends that it should now be thoroughly tested and evaluated. Proprietary rights reserved.   Having retired I now wish to give something of significant value back to the property industry and the service in which I have spent my whole career.   I qualified as a General Practice Surveyor (RICS) in 1974 (in valuation) and have gained wide-ranging experience since that time, particularly in issues surrounding residential property valuation and house marketing. Having ceased practice as a Chartered Surveyor some while ago, I resigned my membership of the RICS to be in a better position to give advice concerning how to improve the workings of individual housing markets around Britain. The internet has turned out to be a good place to publish information about this because it is a world-wide platform allowing everyone interested to see details of the changes/improvements which I have been advocating ought to take place. I have researched how to make improvements to the operation of all local housing markets across England and Wales after observing the house-price stagnation of 1969, the hyper-inflation that followed in 1972 and the successive but cyclical house-price booms following that; leading to the sudden and prolonged house-price growth stagnation after the 2008 global financial crisis. This resulted in a severe reduction in sales volumes for a significant number of years thereafter and it still affects most local housing markets to this day. I have been in communication with the RICS, the NAEA, The Law Society and my local MP about my research, explaining the need for estate agents to change the way they have historically marketed houses in order to resolve this problem. I argue that the continuing stagnation in market activity coupled with the lack of general affordability following the financial crash, could still be substantially ameliorated if my proposals were to be fully debated and the resulting conclusions which they point to were implemented. The effect of not doing anything of significance to improve the buying and selling processes across all the UK housing markets continues to have a de-stabilising effect on the whole of the nation's economy by causing a stagnation in house sales completions. This is, of course, a very important and substantial part of the whole economy and therefore warrants careful consideration. The time to take corrective action is right now, although such action is now also somewhat overdue. I would welcome sharing your thoughts on these new proposals using this blog site.

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