Making Housing more Affordable: The role of intermediate tenures (Real Estate Issues)

330 Pages·2010·1.81 MB·English

by  Sarah Monk

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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
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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
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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
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The books are inclusive in nature, drawing both upon established tech-
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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.
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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