
Crypto Investment Entry and Exit Strategies of Institutional Investors
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A recent study conducted by the UCL Institute of Health Equity (IHE) has shed light on the significant effects that housing conditions have on individual health and overall well-being. The report, titled Building Health Equity: The Role of the Property Sector in Improving Health, emphasizes both the detrimental and beneficial impacts of housing quality and accessibility on health.
The report highlights a concerning trend: an increasing number of children, now totaling 150,000 in England, are residing in temporary accommodations, marking a 14.7% rise from the previous year. Frequent relocations can disrupt educational continuity, adversely impacting academic performance and long-term life opportunities.
Additionally, the lack of affordable and quality housing is estimated to cost the UK society approximately £18.5 billion annually. This figure reflects losses stemming from poor educational outcomes, decreased productivity, and the financial burden on health and social care systems. Specifically, around £1.4 billion is spent each year by the NHS on treating preventable health issues associated with inadequate housing, such as respiratory and cardiovascular diseases.
Without intervention, projections indicate that economic productivity losses due to health-related absences could potentially rise from 2.8 million individuals to 4.3 million by 2029.
The report underscores the pivotal role of national government in facilitating effective planning, development, and renovation initiatives. It urges policymakers to prioritize the creation of affordable and healthy living spaces as part of the ambitious target to construct 1.5 million homes over a five-year period.
Furthermore, the property sector, including investors, developers, and property managers, is called upon to enhance the quality and sustainability of housing. The report identifies three critical areas where housing impacts health: quality, availability, and affordability. It presents actionable strategies to address the pressing need for high-quality and accessible housing that meets local community needs, as well as the necessity for retrofitting existing properties.
Incorporating green spaces, promoting biodiversity, and ensuring access to essential services are also emphasized as vital components of a healthy living environment. The report advocates for a holistic approach to health that integrates housing with social cohesion and environmental sustainability.
Professor Sir Michael Marmot, the director of the IHE, warned that without a shift in priorities, the property sector is unlikely to provide the affordable and quality housing that is urgently needed. He pointed out that many builders prioritize profit margins over health considerations, which could hinder progress towards achieving health equity through housing. The report suggests that there lies an opportunity for innovative partnerships between governmental bodies and the property sector to jointly enhance health outcomes.
Addressing the intertwined crises of housing and health requires more than merely increasing the number of houses. It necessitates a commitment from property developers to focus on health equity, aided by governmental support in the form of grants and regulatory frameworks.
Key recommendations from the report include:
The report sets a foundation for a comprehensive agenda aimed at embedding health equity and sustainability into the future of housing development in the UK. It calls for pilot projects to demonstrate effective practices, particularly in areas designated as Marmot Places, with the goal of sharing best practices across the Health Equity Network.
Section: Business
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