U.K. Housing Crunch Leaves Young Working Graduates Strained
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London housing is increasingly unaffordable for young British graduates due to high property values. Most can only afford to rent, not buy.
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High levels of immigration (over 700,000 net in 2022) coupled with low housing construction rates exacerbate the housing shortage.
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A large proportion of central London social housing (31% overall) is occupied by unemployed immigrants rather than working native Britons. This reduces private housing supply.
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Young working graduates pay high taxes yet their money funds housing for non-working immigrants rather than themselves.
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No major UK political party is proposing policy changes to address this dynamic, though it may eventually create a backlash.