News

England needs 550,000 new homes a year to solve housing shortage, says report

By 2024-06-21T11:08:00

1979552_shutterstock_792054097_805344

If the UK returned to pre-financial crisis productivity levels, salaries could be up to 25% higher

England is short of 2.5 million homes and needs to build 550,000 each year from now until 2031 to address the backlog and support future population growth, according to consultant Bidwells.

The analysis, based on figures from the Office for National Statistics, form part of Bidwells’ new report, The Productivity Engine, which looks at the key barriers holding back UK productivity growth.

…

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.