When you step out onto the streets of the UK today, you might be struck by a growing crisis – one that increasingly defines the landscape of every city, town, and village. The issue I’m referring to is homelessness, a phenomenon that has surged in recent years, transforming the nation’s social and physical fabric. But what is causing this rise in homelessness, and how is it connected to the availability of social housing? Let’s delve into this pressing issue and explore the fight to supply enough social housing for everyone.’
“Homelessness is a testament to societal failure as it’s inevitably intertwined with poverty, lack of affordable housing, unemployment and the availability and accessibility of supports for vulnerable individuals”
– Shelter, UK’s largest housing charity.
Before we delve deeper, let’s look at what the situation of homelessness is truly like in the UK and why social housing is pivotal:
Understanding Homelessness in the UK
The issue of homelessness, you may find, is startlingly rampant in Britain. According to data from Shelter, a leading UK charity for homelessness, there are currently over 280,000 people recorded as homeless in England alone, with the number feared to be even higher in reality. This offers you a glimpse into how serious the crisis is.
|
Year |
Recorded Homeless Populations |
|---|---|
|
2016 |
159,000 |
|
2020 |
280,000 |
A Closer Look at the Figures
This clearly underscores the fact that the homelessness crisis is escalating at an alarming rate.
Why is Social Housing Important?
This brings us, importantly, to the question of social housing. Why does it matter so much? Well, social housing can play a significant role in curbing homelessness because it provides an affordable housing option for those in dire economic conditions, ensuring everyone has access to safe and secure accommodation. Indeed, it’s fair to say that social housing can extend a lifeline to those grappling with homelessness.
Looking Ahead
With the ongoing housing crisis, the number of homeless people in the UK is forecasted to further increase in the coming years. This is a stern reminder that more needs to be done to ensure everyone in the UK has a place to call home.
Every effort made to tackle the homelessness crisis and strive for adequate social housing is a step towards creating a just and inclusive society.
We recognizes the urgent need for more social housing as the homelessness crisis in the UK continues to escalate. Avora Capital have been investing in projects and initiatives that are geared towards increasing the availability of social housing. This includes supporting housing associations and partnering with local authorities to provide affordable housing solutions.
By registering your interest you can be part of the solution to the homelessness crisis in the UK. Your involvement can help ensure that more people have access to safe, affordable housing, and that the rising trend of homelessness is reversed.
If you’d like to discuss the different investment options that may be available to you, please give us a call to speak with one of our property portfolio managers – or fill in our form to request a callback.
Important note: The information provided in this article is general in nature and does not constitute personal financial advice. If you are unsure whether an investment is right for you, please seek professional advice. If you choose to invest, the value of your investment can both rise and fall so you may get back less than you put in.