The current housing shortage is expected to spread across South England, according to a new report from Savills, which forecasts that by 2018, the area will face a combined shortfall of at least 160,000 homes.
The shortage, which is a direct result of local authorities not planning enough new homes to keep up with soaring demand, explains the report, titled Planning: Countdown to the Election.
The adviser’s analysis found that regions such as the South East, South West and East of England will be short of 91,323 homes when targets are compared to need. This number does not take into account the additional demand that will continue to spill out from London. Indeed, Savills highlights key migratory hotspots around the capital and notes that most are already facing a shortfall.
Source: The Movechannel