House

Number of new homes built in 2016 down on previous year despite housing crisis

The number of new homes been built in England in 2016 was DOWN on the previous year despite the country been in the midst of a housing crisis.

Just 140,650 new homes were built in 2016, down from 142,600 in 2015 and well short of the 250,000 the government says required.

The problem is most pronounced in London, where new figures from the Office for National Statistics (ONS) show that, without accounting for inflation, the average house price in London has grown by around 68 per cent since 2011 compared to Great Britain as a whole, where house prices have grown by about half that much (32 per cent).

Rents have jumped 23 per cent in London since 2011, which compares to a growth of 14 per cent in Great Britain.

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