Supply and demand chasm widens by 370,000 in five years

The gap between the number of homes being built and demand to buy has increased by 370,000 in the past five years in England.

A study by the government’s National Audit Office revealed that just 54% of the new homes needed have been built since 2011.

Between 2001 and 2010 an average 144,000 new homes were completed, 100,000 fewer per year than in the 1970s.

The department optimistically projected that 227,000 new households will be formed each year between 2022 and 2021.

The report said: “For housebuilding to match future need, it must increase in most parts of the country; this is particularly acute in London.

“Since the 1980s, demand for housing in England has increased.

“Housebuilding, however, has not kept pace with demand.

“Public sector housebuilding has fallen and the number of homes added by the private sector has been vulnerable to both economic recessions and the cost of finance to potential homeowners.”


Mortgages – From 0.99%
Tax – 9 Tax saving guides
Energy – Compare & save £500+
Broadband-TV – Virgin Sky BT Plusnet

mortgageMortgages - Find cheapest. Rates from 0.98%. 1st time buyers, remortgages, self-employed, adverse & CCJ, Landlord buy to let. Compare now

mortgageSell or Let Property FREE on Houseladder 0% no fees. Free property advertising. List 1 to 1000 properties to millions of buyers and tenants. Upgrade to a Premium advert for only £30 and sell or let your property FASTER! Create Ad

make-moneyMake Money - Earn £250 to £2000+ per month part time. Get paid every month for work you do once. Work from home. Flexible hours. Free training. No experience needed. Major UK PLC company. Find out how >>

taxHow To Save Property Tax - Updated Sept 2017 “How To Save Property Tax” is widely regarded as THE tax bible for property investors. The 21st edition has just been published (Sept 2017) and is completely up to date. Read now


Written by: Houseladder