Nick Millican discusses the current state of the housing crisis in the UK, noting the chaotic start of the summer election campaigns and the general indifference of London’s property market. He expresses regret over Michael Gove’s departure as Secretary of State for Housing. Gove had tried to address issues like the leasehold system and no-fault eviction.

However, as an asset manager, Nick Millican decision to step down highlights the challenges in tackling these issues. The real estate agent points out that innovative solutions to the housing and rental crisis could be popular with voters, but the situation has worsened since the last election.

The target of building 300,000 homes a year in England has not been met, while London rents have surged by over 45% since 2020. House prices have increased by a more modest 8%. But, Nick Millican informs, the economic downturn has made obtaining a mortgage exceedingly difficult.

He advocates for making housing a non-partisan issue, emphasizing that providing safe and comfortable shelter should be a continuous effort, not subject to political games. And this is when the real estate agent comes in handy.

Finally, the real estate agent highlights the instability within the government, noting that there have been eight housing ministers since the last election, with six changing within a year. Nick Millican concludes that while manifestos may offer starting points, substantial actions beyond mere promises are necessary to resolve the housing crisis.