FOCUSONLONDON2011: HOUSING:AGROWINGCITY
With the highest average incomes in the country but the least space to grow, demand for housing in London has long outstripped supply, resulting in higher housing costs and rising levels of overcrowding. The pressures of housing demand in London have grown in recent years, in part due to fewer people leaving London to buy homes in other regions. But while new supply during the recession held up better in London than in other regions, it needs to increase significantly in order to meet housing needs and reduce housing costs to more affordable levels.
This edition of Focus on London authored by James Gleeson in the Housing Unit looks at housing trends in London, from the demand/supply imbalance to the consequences for affordability and housing need.
PRESENTATION:
How much pressure is London’s popularity putting on housing provision in the capital? This interactive presentation looks at the effect on housing pressure of demographic changes, and recent new housing supply, shown by trends in overcrowding and house prices. Click on the start button at the bottom of the slide to access.
View Focus on London - Housing: A Growing City on Prezi
FACTS:
Some interesting facts from the data…
● Five boroughs with the highest proportion of households that have lived at their address for less than 12 months in 2009/10:
Westminster – 19 per cent
Wandsworth – 17 per cent
Camden – 16 per cent
Lambeth – 14 per cent
Southwark – 13 per cent
-31. Harrow – 6 per cent
-32. Havering – 5 per cent
● Five boroughs with the highest percentage point increase between 2004 and 2009 of households in the ‘private rented’ sector:
Newham – 17 per cent
Greenwich – 11 per cent
Enfield – 10 per cent
Camden – 9 per cent
Harrow – 8 per cent
-32. Islington – 1 per cent
-33. Bexley – 1 per cent
● Five boroughs with the highest percentage difference in median house prices between 2007 Q4 and 2010 Q4:
Kensington & Chelsea – 29 per cent
Westminster – 19 per cent
Camden – 15 per cent
Islington – 14 per cent
Southwark – 10 per cent
-31. Newham – down 9 per cent
-32. Barking & D’ham – down 9 per cent