Damningly less than one in five (18%) believe the government is truly invested in resolving the housing shortage.
The government set a target of delivering 300,000 new homes every year for this parliament, but just 16% think this will happen.
UK governments are frequently accused of being short-termist in their aims, while the mortgage industry has long since complained that the housing minister role – currently occupied by Michael Gove – isn’t a cabinet position.
A lack of social housing is often blamed on squeezed supply, as well as the selling off of public stock via Right to Buy.
Paresh Raja, chief executive of Market Financial Solutions (MFS), which conducted the poll, said: “Our research shows just how low confidence has sunk when it comes to finding a resolution to the UK’s housing crisis. This is understandable, with successive governments setting and missing targets for delivering new homes, which has eroded trust.
“But it is not just an issue for Westminster. More must be done by key players across the property industry. Yes, the government must combine policy reform with public investment to ensure housebuilding activity accelerates, but lenders and private investors also have a role to play.
“For instance, more can be done to convert unused commercial properties into residential dwellings; to extend existing homes and housing projects; and to renovate derelict buildings, of which there are many thousands across the UK. A wide variety of creative solutions are needed from both the public and private sectors – and as our research shows, there is not a moment to be wasted.”
Despite this lack of faith in the government, it’s clearly an important issue for people. Over half (52%) reckon the housing crisis is one of society’s most pressing issues at the moment.
Only 14% of respondents are confident the housing crisis will be resolved by 2030, with only fractionally more (15%) having faith that the problem will be eradicated in their lifetime.