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London needs 50k new homes

With the strong appeal London brings as a City , the capital is thought to need about 50,000 new homes to keep pace with rising population. This month saw London’s population swelter to its highest of 8.6m, however last year only 20,000 homes were built. This stringent supply side constraint has help elevate London house prices to all time highs, as buy to let investors move in to capitalize on rental demand. Coupled with the current interest rate environment and insatiable demand for London property by International Investors, the government’s policy on planning restriction on greenbelt can only help constrain supply further, and see London prices continue to grow into the long term. Great news for the investor, and instituions looking to bolster their portfolios in the capital.