In the past two decades Britain’s population has grown by nearly 8m; another 2m people will be added by 2030. Yet the supply of new housing is not keeping up
needs more homes. In the past two decades, its population has grown by nearly 8m; another 2m people will be added by 2030. Many will be, the engine-rooms of the economy. Yet the supply of new housing is not keeping up. London alone needs an estimated 83,000 new homes each year, according to Savills, an estate agent, but is building only half that. The biggest shortfall is in the affordable—anything costing less than £450 per square foot, or £4,840 per square metre, to buy.
Density offers many benefits. Packing people into tall buildings uses space more efficiently, leading to shorter commutes and lower carbon footprints. More than a third of Londoners commute to Maintenance costs also add up. Demolishing a tower block is often cheaper than refurbishing it if something goes wrong. This is a particular risk in London, a city almost entirely built on clay, which leaves structures more prone to cracking and damage. Soaring cities like Manhattan and Hong Kong are built on more solid ground, according to Yolande Barnes of University College London. Unforeseen costs can hit.
homes in the capital over the coming years. The challenge is greater still in cities beyond London, where transport networks are less well developed. Elsewhere, smaller developments in closer proximity can achieve comparable density on the same amount of land and at a lower cost to the environment. Maida Vale, an affluent part of London, is the densest square kilometre in Britain because of its mid-rise mansion blocks, typically between five and ten storeys high. Centre for Cities estimates that if just 5% of London were able to match Maida Vale’s density levels, the capital could accommodate an additional 1.2m people.
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