UK Housing Underbuilt by Over a Million mdi-fullscreen

Westminster’s eyes are moving onto housing as the election gets closer. While Gove waves the flag for his leasehold reform, the Centre for Policy Studies has been busy calculating how badly we’ve been doing on housbuilding in recent years. Now that net migration is at 1.1% of the population, a population equivalent to the city of Birmingham has arrived to the UK in the last two years. The housebuilding target for England remains set at 300,000 homes per year with an assumption of net migration at 170,500. At least the government have blown one figure out of the water…

The CPS has calculated England should be building 515,000 homes annually, 73% higher than the official target, and that we’ve underbuilt over the last decade by around 1.3 million homes. Meanwhile, the Adam Smith Institute has commissioned polling from JL Partners which manages to tease some support for building on greenbelt land out of the public. They’ve worked out that a policy in which a proportion of the profits from development from greenbelt land “goes back to the community” in some form has net support both among the general public and mortgage holders. The 18-24 age range is most in support, though monetary or “community” compensation will be needed to convince the public to build meaningfully. Prizes to be won for whomever can think up the right housing scheme to offer voters…

mdi-tag-outline Adam Smith Institute Centre for Policy Studies Housing
mdi-account-multiple-outline Michael Gove
mdi-timer November 27 2023 @ 11:23 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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