Easy problems should have easy solutions
- shouldn’t they?
Problems like Haywards Heath’s housing crisis, where
we have a rudimentary numerical problem of too few homes for too many people. The answer is clearly to build more
property in Haywards Heath - but that, unfortunately for those desperately
seeking to purchase or let a property, takes a lot of time and huge amounts of
money. So what of other solutions?
Whilst at a dinner with friends
recently, the subject of property was mentioned (as I am sure it does at most
dinner parties up and down the country). Normally someone always mentions empty
properties as the solution to the problem. On the face of it, it seems so
obvious. Now quite interestingly, I had recently done some research on this
topic, which I want to share with you.
The most recent set of figures from
2015 state there are 1,088 empty homes in the Mid Sussex District Council area.
So it begs the question; why not put them back onto the system and help ease
the Haywards Heath housing crisis? Whilst they stand empty, 1,759 Mid Sussex
households (not people – households) are on the Council House Waiting List for
council houses. Surely, we can undoubtedly all agree that property
left empty for years and years isn’t morally right with the burgeoning Council
House Waiting List, not to also mention the issue of homelessness.
But a different story emerges when
you look deeper into the numbers. Of those 1,088 homes lying empty, only 357
properties were empty for more than six months. The local authority has to
report a property being empty, even if it’s for a week. So many of the Haywards
Heath properties are either awaiting new homeowners or, in the case of rental
properties, new tenants. Also most certainly, some properties are being refurbished
and renovated, while others properties have homeowners who are anxious to sell
but cannot find a buyer.
The fact is that the number of
genuinely long term empty properties is only a tiny drop in the ocean of the 57,409
properties in the area covered by Mid Sussex District Council and, even if
every one of those empty homes were filled with happy cheerful tenants
tomorrow, it would only meet a small fraction of Haywards Heath housing needs.
So what does this mean for all the
homeowners and landlords of Haywards Heath? Well it means with demand being so
high, especially for rental properties, the certainty of the rental market
growing is an inevitability because young people cannot buy and councils don’t
have the money to build new council houses. This in turn bolsters property prices
as landlords continue to buy at the lower end of the market (starter homes, etc.),
which in turn sustains the rest of the market as those sellers move up the
property ladder, releasing others in turn to buy on again.
These are interesting times in the Haywards
Heath property market!
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