Housing supply is affected by immigration
According to recent official figures from the Government, net immigration will lead to the creation of 95,000 new households a year, if we go with the forecast of 200,000 new homes to be created per year for the next 5 years then half of such homes will be needed to cope with the influx of immigrants to the UK.
Yesterday the Department for Communities and Local Government said net migration will have a “relatively large effect” on the number of new households because it is expected to account for almost half of the rise in population.
The government with all their promises are still not getting to grips with the high number of migrants entering Britain from Europe and elsewhere, Lord Green of Deddington, Chairman of Migration Watch UK reportedly said of the housing forecast: “These figures illustrate the huge impact on housing demand that immigration at current levels will generate.
“This will have serious consequences for our environment and for the whole of our infrastructure.
“It is now absolutely obvious that immigration must be sharply reduced and that must include immigration from the EU.”
The problems surrounding the high levels of net immigration do not only apply to housing, both health and education are feeling the strain, Robert Rowthorn, a Cambridge University professor of economics reportedly warned that immigrants will also contribute to greater congestion on Britain’s roads and railways, he also suggests that a higher population could lead to water shortages.
You May Also Enjoy
Rightmove asks government to consider retaining first-time buyer stamp duty threshold
5 Steps to Becoming the Best Estate Agent in Your Town
Breaking Property News – 25/07/24
Rightmove’s weekly mortgage tracker
Why You Should Invest in Herne Bay Property