The extraordinary extent of Britain’s hidden housing demand is highlighted by a new set of data released today. More than 1 million households have been priced out of the market and cannot afford to either rent or buy a home, it shows. Much of this unsatisfied demand is clustered among the younger age groups.
The figures come from the annual UK Housing Review, an often-overlooked but useful compendium of housing stats and commentary. This year, among other goals, it set out to quantify the extent to which people are unable to secure homes of their own. To do this, authors Steve Wilcox and John Perry looked at a handful of key measures: overcrowding, shared households, and multi-family households. Read more