propertytalk Live! - England faces 750,000 housing gap by 2025
England faces a shortfall of 750,000 homes by 2025 according to a new report.
New analysis of official government projections show that if the economy bounces back the gap between supply and demand could be equivalent to the entire housing demand of the populations of Birmingham, Liverpool and Newcastle combined.
The Institute for Public Policy Research analysis shows how housing demand responds to three different economic scenarios and projects that even a faltering economy will lead to demand for more than 200,000 additional homes each year. The best case scenario for the economy will require more than 280,000 extra homes each year. But if housing supply continues at the rate of the last twenty years – around 160,000 additions per year – the gap between the number of households and the number of available homes ranges from 255,000 and 1.2 million by 2025.
Using the government’s own projection for household growth, ippr analysis shows that England will be 750,000 homes short of the required housing demand by 2025. The worst supply and demand mismatches will be in London, the South East, East of England and Yorkshire and Humberside. In these regions demand is projected to be substantially higher than net additions to the housing stock in recent years.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment