Therefore, the key objectives as far as this paper is concerned are as listed below:
One of the prime reasons for undertaking this research is due to the fact that the sector of affordable housing caters to the needs of low income families such as small time workers, military personnel etc. therefore, an inefficient manner of development would imply a deep impact on denial of effective facilities to them. Secondly, there has not been much of a concerted effort towards outlining the causes of such a decline and there is also a need to highlight the problems being faced by the companies involved, which ultimately affects the development of the ultimate end users.
Though there has not been much effort directed in the proposed direction, there is a lot of scattered information in view of the topic that can be found in existing literature. In addition, there have been quite a number of case studies that have at least tried to understand and highlight the plight of the housing sector and its stunted development in the United Kingdom. In fact, some consultancies such as the Jones Lang LaSalle, CB Richard Ellis and Cushman have been working in this direction. Therefore, in view of the availability of information with the above-mentioned sources, it is deemed appropriate to rely on data from existing literature as also considering the existing case studies for arriving at the appropriate conclusions in view of the topic under consideration.
PROPOSED SOURCES OF DATA
The principal sources of data in this regard will be the British property federation's response to the Barker's review on Housing. In addition, as has been previously mentioned, this will also take into account the existing information that has been obtained from different real estate companies namely Jones Lang LaSalle, CB Richard Ellis, Cushman, ATISREAL and Invest property databank (IPD). There are also a number of other pieces of literature, portions of which are deemed appropriate for discussion of the topic under discussion such as the ones listed below:
Oxford City Council's paper on Affordable and key worker housing, 2004.
Greater London Authority's Thresholds for applications of affordable housing requirements.
Barker's review of Housing supply, 2004 etc.
The data sourced from these references listed above would be compared and analyzed thoroughly both for quantitative and qualitative aspects, wherein the former would be applied to determine certain points such as the percentage of the sector affected by the legislation as also the portion of the total population affected due to such unviability, the period and the pattern in which the changes took place resulting in the present situation. In addition to determining what could have been done from time to time in order to avoid the sequence of changes, it is also deemed necessary to discuss in an elaborate manner the manner in which changes need to brought in so that the desired changes can be affected.
Upon having conducted a previous study on the relevant literature, certain facts have come to