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16:00 - 18:00 7 May 2015

Housing, inheritence, inequality and the UK: prosperity for who in future?

Location

Roberts 106 | Roberts Building (link Map)
Malet Place | London | WC1E 7JE | United Kingdom

Open to: Academic | Alumni | Public | Student
Admission: Free
Ticketing: Open

Speaker information

Professor Danny Dorling, Lecturer, Department of Geography, Oxford University

When Britain is said to be prospering it is often said that the prosperity it increasingly poorly shared out. One direct way of understanding this is to see how we are housed and how that is changing. A rapidly growing proportion of the population, including over a quarter of all children in England, are now renting from the private sector. Rents have been rising far faster than incomes. That is not prospering. Since 2008 the debts of those people able to secure a mortgage have risen far faster than mortgage repayments, despite exceptionally low interest rates. Mortgagees are not prospering. People who own their homes outright have, across the country as a whole, seen modest increases in their wealth; but more and more in this group find it hard to heat their homes in winter. Rising prosperity for a minority of landlords and property investors should not be confused with prosperity for all. We could all become more prosperous, comfortable and secure were housing costs to steadily fall.


Contact

Hannah Sender
ucqbro7@live.ucl.ac.uk


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