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.
This report is the fifth release of the Focus on London series. To contact the team or subscribe to the Focus on London mailing list get in touch by email to firstname.lastname@example.org or tel 020 7983 4658.
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.
To view the report online click on the image below.
Alternatively, access the report in PDF format.
This histogram shows a selection of borough data and helps show areas that are similar to one another by each indicator.
This motion chart shows how the relationship, between key housing related indicators at borough level, changes over time.
These interactive borough maps help to geographically present a range of housing data within London, as well as presenting trend data where available.
All the data contained within the Housing: A Growing City report as well as the data used to create the charts and maps can be accessed in this spreadsheet.
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:
1. Westminster – 19 per cent
2. Wandsworth – 17 per cent
3. Camden – 16 per cent
4. Lambeth – 14 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:
1. Newham – 17 per cent
2. Greenwich – 11 per cent
3. Enfield – 10 per cent
4. Camden – 9 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:
1. Kensington & Chelsea – 29 per cent
2. Westminster – 19 per cent
3. Camden – 15 per cent
4. Islington – 14 per cent
31. Newham – down 9 per cent
32. Barking & D’ham – down 9 per cent