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UK faces property crunch as demand for homes outstrips supply
Nov 25, 2021 | Yahoo Finance
Picture - UK faces property crunch as demand for homes outstrips supply

New figures from the government have brought to light the stark lack of new homes being built in the UK, as data showed that stock shrank 11% in 2020-2021 from the previous year to 216,490.

Net additional dwellings is the primary and most comprehensive measure of housing supply in the UK.

The 216,490 net additions in 2020-21 resulted from 194,060 new build homes, 23,790 gains from change of use between non-domestic and residential, 3,870 from conversions between houses and flats and 530 other gains (caravans, house boats etc.), offset by 5,760 demolitions.

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