Abstract
Levels of social housing investment in the UK and the Netherlands are considered for the period 1970–1992. The changing housing policies and the developing structures of social housing finance are analysed. These factors have contributed to the decline in social housing construction in the UK and the Netherlands. In particular, the desire of governments in both countries to cut public capital expenditure on housing and increase the role of private, capital in new construction reduced the output during the 1980s. In the UK, a tight monetarist policy was adopted with the aim of keeping inflation down. This can be seen as a major cause of declining levels of public expenditure on housing production. In the Netherlands, a more significant role, compared to the UK, seems to have been played by developments on the housing market, especially the real estate crisis in 1978–1982. In both countries, the outlook for investment in social housing is gloomy
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