Household growth jumps in London

New household growth projections have been released which include data from Census 2011 for the first time. The result has been a downward revision in the number of new households expected to be created across England between 2011- 2021, with one major exeception: London

The previous household growth projections, which inform planning decisions within boroughs and unitary authorities,  were released in 2008. But the new data, published by DCLG last week, show that the number of households expected to be created across the capital by 2021 will be around 526,000,  some 150,000 more than expected back in 2008.

Region

2008 Forecast growth (%)

2011 Forecast growth (%)

Difference (p/c points)

North East

8.1%

6.8%

-1.3%

North West

7.9%

5.8%

-2.1%

Yorskhire & Humberside

12.6%

8.1%

-4.4%

East Midlands

11.9%

9.9%

-2.0%

West Midlands

8.5%

7.7%

-0.8%

East Anglia

13.6%

11.6%

-2.0%

London

11.3%

16.0%

4.7%

South East

11.4%

10.8%

-0.7%

South West

12.3%

9.5%

-2.8%

source: Knight Frank Residential Research/DCLG/ONS  

 

The biggest jump in expectations for household growth within London are in the City of London and Tower Hamlets - where an additional 32,000 households will be created.  Indeed eight of the top ten boroughs which have seen the biggest upwards revisions across the country are in London.

Some 50,000 extra households are expected to be created in the Capital each year. But this raises questions about whether the current levels of housebuilding can meet this demand. In 2011/12 – around 17,500 new homes were created across Greater London.

Across England, the number of households is expected to rise by 2.2 million between 2011 and 2021,  or around 221,000 a year.  This is around 25,000 fewer a year than  shown in the previous estimates. But despite this, the level of new housebuilding still falls short of the demand suggested by this level of household growth. In 2011/12, some 146,000 new homes were built.

See The Times’ coverage of this research.

 

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