The housing crisis in the UK makes it a very tricky time for everyone. We can help landlords who have concerns about tenancies and their rental income. Our work with local authorities can give you the best support and also help the councils to provide more housing for people in need. If this is something you want to look at, you can ask us. We arrange the best guaranteed rent Barking and Dagenham can offer and cater for all other parts of the city too.

A look at some of the causes

There has been a lot of work to try to pinpoint what is causing the housing crisis. A new study looks at some of the key things, including high prices, population growth, lack of vacancies, and issues with building enough new homes.

Of these things, population growth is a notable issue. According to the census data from 2021, the population in England alone grew by 6.6% in the decade. That means a much higher demand for homes in general.

The issue is worse because new house building is not keeping pace with the increase in population in many areas. According to the data, in 150 of 309 local authorities the number of new homes is behind or equal to population growth.

Another problem is there are simply not enough vacant homes to help the housing market to function. Across England only around 1% of residential properties are empty. If you compare to other leading economies, there is a huge difference. For example, in Germany the vacancy rate is 8.2%. It is even higher in Japan at an incredible 13.6%.

The problem with a lack of vacant properties is it limits the power of renters. It means they are very limited in terms of the number of options available to them. As a result, that gives landlords more freedom to put their prices up.

A great example

As the leading name for guaranteed rent Barking and Dagenham has, we take particular interest in what is happening in the area. Unfortunately the borough is a great example of why the housing crisis is such an issue.

If you look at the data, the population of Barking and Dagenham grew by an astonishing 17.7% from 2011 to 2021. That is more than 2.5 times the average for England and the third highest of any local authority. At the same time the number of new homes rose by 9.2%. In many places that would be an excellent result. In fact, it is the highest in London. However, it doesn’t get anywhere near meeting demand.

Sadly the situation means the price of buying a home in Barking and Dagenham has doubled. At the same time rents are up and the number of vacant homes is miniscule. It creates a really dysfunctional housing market and puts huge pressure on the local council. They are reporting a £20m shortfall in funding and a lack of infrastructure to accelerate house building.

Choosing guaranteed rent in Barking and Dagenham

We understand how the situation can impact people searching for housing. It can also create problems for landlords. Luckily, we have solutions. We work with local councils across London and can provide services with their help. They can give you guarantees on rent, management solutions, and many other benefits. You get all of this without having to do very much work on your end.

So, if you want to try guaranteed rent, Barking and Dagenham has no better expert than us. You can contact us today to learn more.