London facing property shortfall

In The Telegraph, Melissa Lawford looks at how the post-pandemic return of workers to London is set to result in a property shortfall in the capital. The Greater London Authority forecasts the population to rise by 700,000 by 2031 and JLL predicts the capital needs another 300,000 rental properties in the next eight years. Overall, by 2031, JLL estimates London will have a shortfall of 110,500 rental homes. Emma Rosser, of JLL, warned: "In reality, this could be far higher, given the headwinds to home ownership and the challenges for small landlords limiting supply levels." 

The Daily Telegraph (06/03/2023)