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England to Build Smallest Number of New Homes on Record
England to Build Smallest Number of New Homes on Record
02 Jan 2019, 07:19 PM IST
(Bloomberg) -- Homebuilding in England is set to drop for a fifth straight decade to the lowest number since World War II, according to the Centre for Policy Studies. That’s despite government pledges to step up construction to ease a chronic shortage that’s pushed prices out of the reach of many. Just 1.3 million new dwellings will be built in the 10 years through 2019, less than half the 3 million constructed in the 1960s.
To contact the reporter on this story: Sharon Smyth in London at ssmyth2@bloomberg.net
To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Sheldon Reback, Paul Armstrong
©2019 Bloomberg L.P.
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