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The Harvey files 2: housing market part 4

By Harvey Cole  

It is often said that the shortage of housing in Britain is confined to what is called the affordable sector. That is just another way of saying that an increasing number of people are unable to buy homes at current prices. Is an end to the housing shortage possible?

With households forming at the rate of over 220,000 a year, and the number of new dwellings built each year numbering around 150,000 since 2000, it is obvious that the shortfall must be increasing by around 70,000 annually, before taking account of the loss of existing homes and the fact…

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