Net migration to the UK has been about 250k per year (with some variance) since 2000. I remember reading somewhere that 2/3 of that was to London.
So you'd need to add hundreds of thousands of homes per year just to break even. Instead much less than 100k are built, usually under 40k.
There's other reasons for the price and rent rises but this is one of the big ones.
Net migration to the UK has been about 250k per year (with some variance) since 2000. I remember reading somewhere that 2/3 of that was to London.
So you'd need to add hundreds of thousands of homes per year just to break even. Instead much less than 100k are built, usually under 40k.
There's other reasons for the price and rent rises but this is one of the big ones.