Brexit and the housing crisis
Whatever your stance is on Brexit, immigration compounding the housing shortage was an important motivating factor that led many people to opt out of the EU. The subsequent uncertainty has resulted in many EU nationals leaving the UK; has that made the housing crisis any better? Or was decades of chronic under investment from all political parties (sadly still prevalent today) really to blame all along? Housing Association Magazine Editor Joe Bradbury investigates…
Way back in December 2012, Prime Minister Theresa May claimed in an evocative speech that over a third of all new housing demand in Britain was as a direct result of immigration: “There is evidence that without the demand caused by mass immigration, house prices could be 10% lower over a 20-year period,” she commented.
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