Housing Crisis Uk 2024. Average uk private rents increased by 8.4% in the 12 months to august 2024 (provisional estimate), down from 8.6% in the 12 months to july 2024. The bbc's housing briefing estimates that we have built 1.2 million fewer homes than we should have, and the need for more homes is increasing.
The shortage of houses drives high rents; Major reforms of the uk’s planning system, mortgage market and property tax regime are needed to discourage speculative demand for housing as a financial.