The housebuilding crisis
Think tank: Centre for Cities
Author(s): Samuel Watling; Anthony Breach
February 22, 2023
This report from UK think tank the Centre for Cities looks at the UK’s 4 million missing homes.
Britain has a severe housing crisis, especially in the most prosperous places in the Greater South East. Across England, the average house costs more than ten times the average salary, vacancy rates are below 1 per cent, and space per person for private renters has dropped substantially in recent decades. This report explores the root cause of the UK’s housing problem, how policy in this area has developed over the last 75 years, and what action policymakers need to take to deliver enough homes in the UK.