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The NewHeartlands Market Restructuring programme: a Five Year Review (5 MB) - Nevin Leather Associates
The report highlights the inherent difficulties in working with housing markets. The Merseyside housing market is entering its third phase of change since the market renewal initiative was first discussed. This latest phase, characterised by the so-called ‘credit crunch’, is likely to pose serious challenges to regeneration practitioners. There will clearly need to be some revisions to programmes, milestones and outputs to accommodate the very profound economic and financial changes which are taking place nationally and globally. But despite these changes, the spatial priorities which were determined at the beginning of the programme are not challenged by the body of research. There is no evidence that the market would have revived in a sustainable way in the areas which were selected for public intervention.
