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Immigrants are the ones building most of the new homes, at least in London, so I’m not sure it’d help.
We have staff shortages all over the place – immigrants who have the willingness and skills to fill those vacancies are much needed.
People aren’t being priced out by ordinary working immigrants, they’re being priced out by a combination of dwindling stock of social housing due to right-to-buy, growing use of buy-to-let making housing an investment choice, not a place to live, and unrestrained buying up of property by wealthy overseas buyers, who are happy to leave it empty and increasing in value.
People will be reluctant to say it, but the answer is obviously yes. That’s not to *blame* immigrants, they don’t control our housing/immigration policies, but immigration is clearly one of the main factors that has affected the housing market, along with:
* Fewer people living in each home.
* More international university students (I suppose this also falls under immigration).
* Fewer houses being built.
* More people owning multiple homes.
You’re just talking about house prices? Or about limiting immigration?
It’s simple supply and demand. The number of housing “units” is only rising very slowly, and we have a huge backlog of people relying on sub-standard housing, chiefly in the rented sector. I suppose if we added 50% to the housing stock, the prices would fall to “affordable”, but that is still quite expensive. A problem with that is where the houses would be built. There isn’t a lot of space (to build houses) near where work is. Don’t let’s get bogged down with nimby planning controls. If you built over all the golf courses and parks within the M25, the percentage of land “released” would be tiny.
If you’re concerned about foreigners having a negative effect on the London property market, believe me – it’s not the people coming here and becoming British you should be worried about.
As a factor taken in isolation, I suppose the answer would have to be yes because it slightly increases the demand/supply imbalance.
However there are many other ways in such I believe immigration policies are a new positive for the UK.
Yeah, theres a lot of pressure at the bottom end. Its very difficult to even find a rented flat in my city now, and the house prices are beyond the reach of most locals.
It’s gone beyond being a simple question of supply and demand, it’s a population ponzi, a house of cards that logically cannot stand in the face of the climate crisis.
We should be giving up the nonsense theory of infinite growth of the population/economy asap, and introducing policies for lower, sustainable populations and economies.
There’s only so many agricultural fields that can be turned into housing estates
Buy to let is still worse
Hope you got your pension money back from your community financial planner.