{"id":30344,"date":"2018-03-01T12:48:43","date_gmt":"2018-03-01T12:48:43","guid":{"rendered":"http:\/\/www.jomec.co.uk\/intercardiff\/?p=30344"},"modified":"2018-03-01T12:48:43","modified_gmt":"2018-03-01T12:48:43","slug":"potential-crisis-housing-shortage-cardiff","status":"publish","type":"post","link":"https:\/\/cardiffjournalism.co.uk\/intercardiff\/business-culture\/potential-crisis-housing-shortage-cardiff","title":{"rendered":"Potential crisis of housing shortage in Cardiff"},"content":{"rendered":"<h2>What \u2019s the future of potential housing shortage in Wales and Cardiff?<\/h2>\n<p><span style=\"font-weight: 400\">This scene might be interesting when people are walking in the street to view the shipping containers along the road. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The Cardiff Council recently approved the project which is using shipping containers to build the affordable house. There will <\/span><span style=\"font-weight: 400\">create 14 homes in shipping containers<\/span> <span style=\"font-weight: 400\">on the Bute street. This plan aims to help with the shortage of housing. However, this seems like the tiny part of potential Cardiff housing shortage problems.<\/span><\/p>\n<figure id=\"attachment_30347\" aria-describedby=\"caption-attachment-30347\" style=\"width: 625px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-30347\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/6-625x352.jpg\" alt=\"\" width=\"625\" height=\"352\" \/><figcaption id=\"caption-attachment-30347\" class=\"wp-caption-text\"><noscript><img decoding=\"async\" class=\"size-medium wp-image-30347\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/6-625x352.jpg\" alt=\"\" width=\"625\" height=\"352\" \/><\/noscript> <strong>Cardiff community housing association agree to build the house in shipping containers.<\/strong><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">\u201cMy son, never seen a one bedroom flat in Cathays,\u201d Councilor Mary McGarry, the member of Plasnewydd Labour Party. \u201cThe rent of private set is too high and he is paying four hundred and ninety pounds per month.\u201d This could be the similar situation among the young generation in Cardiff. They might have encountered the housing problems. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To some certain extent,\u00a0<\/span>house price and\u00a0rents\u00a0might reflect the housing shortage. Mostly, the price might rise when demand for housing exceeds the supply.<\/p>\n<p><span style=\"font-weight: 400\">Also, the high house price might motivate people to rent a place to live instead of buying property. However, this issue of demand and supply basically has the housing problems in Cardiff.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In July 2017, Hometrack revealed that the growth of house price in Cardiff was located in the No.10 across the UK. It raised about 5.6% compared to July 2016. Also, in 2018, there are some latest figures which indicate the Welsh house price has increased by 3.3% in 2017. It is higher than the overall level across the UK. However, the growth of Cardiff has raised by 6.5%. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Tom Denman, the chief financial officer at Principality Building Society. He believes that the increase of house price in Wales due to more and more transactions which happened in the place like Cardiff and Newport where generates higher demand for housing resources. &#8220;New builds in areas such as Newport, have resulted in a price premium that has helped to push up average prices in those regions,&#8221; he said in a report. &#8220;A shortage in housing supply, high employment, and low-interest rates have all contributed to growth.&#8221;<\/span><\/p>\n<figure id=\"attachment_30555\" aria-describedby=\"caption-attachment-30555\" style=\"width: 625px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-30555 size-medium\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/7-1-625x469.jpg\" alt=\"\" width=\"625\" height=\"469\" \/><figcaption id=\"caption-attachment-30555\" class=\"wp-caption-text\"><noscript><img decoding=\"async\" class=\"wp-image-30555 size-medium\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/7-1-625x469.jpg\" alt=\"\" width=\"625\" height=\"469\" \/><\/noscript> <strong>The house in Cathays along the road.<\/strong><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Therefore, housing shortages have taken place in the Wales and Cardiff. The Wales government is trying to figure out the housing shortage in different areas.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recently, the latest figure shows that there are around 10,000 houses which waiting to build in Wales and these houses might need four years to finish. Due to there is a large number of houses hasn\u2019t established. This awaiting house might cause the shortage of house and the high price which the first-time buyer cannot afford. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, Wales government tries to increase the tax on \u2018vacant land\u2019. This tax aims to motivate the developers and improve the speed of building the house. However, some people believed this tax might be negative because it might decrease the positivity of developers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, the empty house has become a problem in Cardiff.Cardiff council also revealed that there are about 1000 house had been empty for at least two years. These idle resources cannot use effectively, which let the housing shortage looks more severe.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, there is an <strong><a href=\"http:\/\/www.bbc.co.uk\/news\/uk-wales-south-east-wales-38340391\">idea<\/a><\/strong> which indicates that the Cardiff should guide students to rent the students\u2019 apartment in the student accommodation. Some people believe it will be helpful to offer more houses for the small family in some patch. In the Cardiff, there are three universities which have a large number of students. Most of them choose to rent the house in the different patch.<\/span><\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bbc.co.uk\/news\/uk-wales-south-east-wales-38340391\">Cardiff students search for better digs beyond Cathays<\/a><\/strong><\/li>\n<\/ul>\n<figure id=\"attachment_30348\" aria-describedby=\"caption-attachment-30348\" style=\"width: 625px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-30348\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/1-625x352.jpg\" alt=\"\" width=\"625\" height=\"352\" \/><figcaption id=\"caption-attachment-30348\" class=\"wp-caption-text\"><noscript><img decoding=\"async\" class=\"size-medium wp-image-30348\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/1-625x352.jpg\" alt=\"\" width=\"625\" height=\"352\" \/><\/noscript> <strong>Students have rented most of house nearby Cardiff University teaching building.<\/strong><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">According to Chris Wood, in the Cathays, there are about 70% of residents are students. While students from universities in Cardiff are looking for the higher standard place to live. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, it can be seen that there is more and more student accommodation in Cardiff. It means the Cathays could release more available house for residents. However, the price of student accommodation is much higher than the house. Students might not want to pay the higher price for the student accommodation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Through these 3 conditions, solving housing shortage in Wales even in Cardiff has become a significant problem.The housing shortage is a long-term problem in Cardiff which needs to solve it step by step. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In the future, Cardiff Council plans to build 2,000 affordable houses to meet the higher demand. \u201cWe understand the importance of having a good-quality, affordable home and, with a very long housing waiting list in the city. We need to ensure we are doing everything we can to address the increasing pressure to provide decent homes for the people who need them,\u201d says Lynda Thorne, cabinet member for housing and communities said in a report.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-30349\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/new-piktochart_28446811-625x1781.png\" alt=\"\" width=\"625\" height=\"1781\" \/><noscript><img decoding=\"async\" class=\"alignnone size-medium wp-image-30349\" src=\"https:\/\/cardiffjournalism.co.uk\/intercardiff\/wp-content\/uploads\/sites\/12\/2018\/03\/new-piktochart_28446811-625x1781.png\" alt=\"\" width=\"625\" height=\"1781\" \/><\/noscript><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the higher house price, how to solve the housing shortage has become a long-term problem.<\/p>\n","protected":false},"author":497,"featured_media":30350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,6],"tags":[],"coauthors":[740],"class_list":["post-30344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-culture","category-global-city"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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