As the political and economic capital, London’s demand for housing continues to outstrip supply.
By attracting the largest proportion of international workforce and with a high birth rate, London has the fastest growing population of any region in the UK. However, London’s housing stock only grew in line with the England average between 2001 and 2007 (5 per cent growth) and just out-performed the national average in the following six years (4.9 per cent versus 4.3 per cent).
By failing to offer the quantity and type of housing needed at an affordable pace, large numbers of London’s workers commute from outside the region to work. With increasing pressure on the housing stock, between 2001 and 2011 the number of people commuting into London increased from 724k to 793k. However, this trend is dwarfed by the 680k additional people living in the capital and working in inner London.