Britain’s rental crisis is being driven by record net migration as housing supply fails to keep pace with a growing population, according to new analysis.
The number of rental households formed by new immigrants has jumped from around 80,000 a year in the 2010s to over 200,000 in recent years, Capital Economics said in a note released Monday. The analysis is based on Office for National Statistics data that suggest 80% of new immigrants rent in the private sector.
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Net migration has soared in the UK since the pandemic, hitting a record of 745,000 in 2022. It has been driven by international students, health-care workers and migrants arriving from Hong Kong and Ukraine.
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The post UK Housing Rents Driven by Record Migration, Analysis Finds appeared first on American Renaissance.
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Author: Henry Wolff
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