10. The UK Housing Market Cycle and the Role of Planning: The Policy Challenge Following the Financial Crisis

  1. Colin Jones1,
  2. Michael White2 and
  3. Neil Dunse1
  1. Colin Jones

Published Online: 24 FEB 2012

DOI: 10.1002/9781118280829.ch10

Challenges of the Housing Economy: An International Perspective

Challenges of the Housing Economy: An International Perspective

How to Cite

Jones, C. (2012) The UK Housing Market Cycle and the Role of Planning: The Policy Challenge Following the Financial Crisis, in Challenges of the Housing Economy: An International Perspective (eds C. Jones, M. White and N. Dunse), Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781118280829.ch10

Editor Information

  1. 1

    Institute for Housing, Urban and Real Estate Research, Heriot-Watt University, UK

  2. 2

    School of Architecture, Design and the Built Environment, Nottingham Trent University, UK

Author Information

  1. Institute for Housing, Urban and Real Estate Research, Heriot-Watt University, UK

Publication History

  1. Published Online: 24 FEB 2012
  2. Published Print: 4 APR 2012

Book Series:

  1. Real Estate Issues

ISBN Information

Print ISBN: 9780470672334

Online ISBN: 9781118280829

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Keywords:

  • Mortgage Finance;
  • Planning;
  • House Building;
  • House Prices;
  • Housing Cycle;
  • UK

Summary

In the UK, complex planning structures have been created to control and shape housing development but the number of houses built has not responded fully to rising household numbers over the past two decades. The chapter examines the long boom and bust of the housing market, focusing on the role of mortgage finance and the reasons for the lack of a significant supply response to the rise in real house prices. It reviews the evolution of the planning system explaining its increasing importance to housing policy and its (changing) relationship to market forces. In particular it looks at the principal planning policies of the recent decade and the market outcomes, and based on these insights it then looks forward to the role of planning in the market downturn and beyond.