Submitted on Thursday 09th February 2012
England faces 750,000 housing gap by 2025
Most people appreciate that property is a long term investment and the latest survey by the ippr is food for thought. It predicts a continued significant shortage of housing in the UK.This suggests that demand for property will continue to rise which also suggests that house prices and rents could follow suit. The former though depends on the availability of finance and market confidence and both are dependent on general affordability.The underlying picture may be that the need for more social housing is a top priority. The report states that a shortfall of 750000 homes will exist across the UK (with 325,000 of these existing in London) by 2025 if the economy bounces back. To read the full report download the PDF at http://www.ippr.org.uk/pressreleases/?id=4387
