UK Politics

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UK housing developments axed as Tory planning reforms take effect (www.ft.com)

submitted 7 months ago by [email protected] to c/[email protected]

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Councils reverse course on agreed plans after targets diluted despite acute shortage of homes

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[–] [email protected] 0 points 7 months ago

https://www.centreforcities.org/publication/the-housebuilding-crisis/

Compared to the average European country, Britain today has a backlog of 4.3 million homes that are missing from the national housing market as they were never built.

[...]

Housebuilding rates in England and Wales have dropped by more than a third after the introduction of the Town and Country Planning Act 1947, from 2 per cent growth per year between 1856 and 1939 to 1.2 per cent between 1947 and 2019.

This has been a key factor behind the UK’s long-standing housing crisis, which has led to inflated property prices and soaring rents in recent decades.