Treating homes like commodities caused housing crisis, says Burnham  

Treating homes like commodities caused housing crisis, says Burnham  


Todays other news
Fleet Mortgages reports larger portfolios and rising yields despite softer...
Glenigan reports a sharp annual decline in residential construction, despite...
Knight Frank reports £4.2bn invested across the sector this year,...

The ‘King of the North’ calls for more PRS legislation

The Mayor of Great Manchester and frontrunner in the not-yet-announced Labour leadership race, Andy Burnham, called for a Housing First philosophy for the country and declared: “Since the 1980s, housing has increasingly been treated as a commodity to be bought and sold. If you see housing purely like that, you end up with a housing crisis and that’s exactly where we are.”

Speaking on a podcast interview shortly before signalling his leadership intentions, he said: “When you think of the Renters’ Rights Act as it is now, obviously major legislation on renting, as well as a different approach being taken nationally on social housing and the funding that was secured by Angela Rayner before she left government, the £39 billion, that is a significant investment over a decade.

Advertisement

“We continue to argue for the maximum to be devoted to social housing. I would actually devote all of it to social housing.

Advertisement

“We live with the reality of the housing crisis. It’s our councils who have to deal with the homeless.

Advertisement

“I hope we can persuade the government to go further down the path of legislating in the Private Rented Sector. I’d like to see three strikes and you’re out for those landlords who refuse to invest in their properties to bring them up to a decent standard.”

Speaking on the Social Housing Podcast, Burnham offered a clue to what wider housing policy might look like if he was to succeed Keir Starmer as the next Party Leader and Prime Minister.

“I still strongly believe in Housing First as the national philosophy. We really haven’t had that approach in this country since the post-war years, when decent housing was understood to be the nation’s top priority.

And Burnham said he wanted significant reform of Homes England – the government’s housing and regeneration deliver agency.

Advertisement

“There is still too much scheme-by-scheme micromanagement. They need to become more of an investor with us: back the city region, let us get on with delivery, and then hold us accountable for cumulative outputs across Greater Manchester rather than every individual project.” 

Burnham’s insights on what needs to change in housing policy are particularly timely, given how prominently this agenda is expected to feature in any leadership campaign.

You can listen to the podcast here;

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Keychain with house charm and 'For Rent' tiles on wooden surface.
Housing costs continue to rise across most regions, putting further...
Hand moving a wooden chess piece on a chessboard with house models.
Reece Mennie explains why Andy Burnham must win over private...
Big Ben clock tower with Union Jack flag overlay in London.
Property investors are assessing what a potential Andy Burnham premiership...
The Renters’ Rights Act is reshaping pricing, due diligence and...
Rightmove cuts its 2026 outlook as asking values decline and...
Mortgage rates have recorded their biggest monthly fall since October...
UK rents accelerate while property values weaken, with signs London’s...
Recommended for you
Latest Features
Fleet Mortgages reports larger portfolios and rising yields despite softer...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.