Less Houses, More Rooms

The Government currently has a target of building 200,000 new homes each year in order to try and bridge the gap between the demand we have in the UK and the shortage in supply we have faced for many years. And yet, despite the fact that we are currently building more new homes annually than we have been since before the big crash of 2008, we are still 25% behind the Government’s targets. This is all according to the National House Building Council (NHBC) who said that 156,140 new homes were registered to be built in 2015, up 7pc from last year, and the highest number since 2007.

And where is falling behind more than anywhere else?! That’s right – London. The starry lights of the capital that attract so many people is now struggling to accommodate them all.

And it doesn’t look to be getting any better, as Ministers have repeatedly claimed that the Government have sold enough publicly owned land since 2011 to build more 109,000 homes and yet as few as 1,800 have actually been built, according to Conservative MP Richard Bacon. And with other factors such as immigration, which hit a net high of 330,000 in August last year, playing a part in this ever cosy country, it looks like we’re going to have to start thinking of alternative ways to make this work.

Is it such a shock therefore, to hear that the trend of renting rooms rather than whole houses has become far more popular – especially in our work-hungry capital? Corporate companies demand so much more of their employees nowadays, and their employees demand so much more from life, working harder and harder for that next step up the employment ladder. So what’s their need for spare rooms and studies? None. So many high-end working professionals have come to value the ability to save their hard earned money rather than spend it on flats and apartments that they only ever see to sleep and maybe catch a late night episode of Family Guy, and take a room in a house with others in a similar position…they share the cost and there’s still someone to socialise with when they get home.

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