In the first quarter of 2014 the demand for
student and rental properties has seen a sharp increase in Leeds because as
compared to the demand the supply was low. Therefore, building new dwellings
and homes is considered as the best solution to stabilise the demand and flow
in rental market. That is relative to mortgage market at this point in time.
The National Housing Federation has already raised this concern in front of the
Government in the past few years by saying that it should do more in Leeds.
However, now it seems that the Government is about to take an action on this
proposal says the Association of Residential Letting Agenty.
Given that the Nick Clegg the Deputy Prime
Minister has unveiled a garden cities prospectus of Government that will enable
the local communities with no less than 15,000 houses and support of existing
residents to come up with proposals. The communities which were then able to
bring out strong expression of interest will be assisted by the Government to
develop their proposals. Shedding light on the prospectus Clegg said that
garden cities will be the communities where next generations will be able to
live, work and grow old with their children.
Adding to it, the Deputy Prime Minister
said that the new prospectus not onlyurges local communities to come up with
plans for affordable homes, schools, goods and jobs for future generation in
the garden cities, but also enable them to save the countryside. According to
Mr. Clegg the prospectus is a call for visionaries in the communities, who need
houses, to bring forward influential and radical proposals for developing
garden cities.
In response to this publication, Secretary
of Shadow Communities Hilary Benn MP severely criticised the government and
ministry by saying that they had wasted four long years after creating much
hype about the garden cities and now they are inviting expression of interest
for its development. The secretary also said that ministers have failed to
resolve the housing crisis as a result it will get more difficult for the
middle and low-income earners to own a home, whereas rents will keep on rising
and long waiting lists will grow even longer. Therefore, according to Benn MPpublication
of garden cities prospectus has been over delayed.
It remains to be seen now how local
communities will react to the publication of garden cities. However, the way
demands for new accommodation facilities is rising it is likely that it may
generate some interest. On the other hand, currently those who cannot find a
decent place to stay on rent can resolve their problem by acquiring the
services of Oasis Properties, a specialist in providing student and professional accommodation.
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