Half a million homes a year needed to meet record net migration, says think tank

By Daniel Gayne2023-11-29T10:01:00

Government housebuilding target based on substantially lower migration figures

The UK needs to build more than 500,000 homes each year to meet increased demanded related to growing net migration rates, according to the Centre for Policy Studies.

New figures released on Friday by the Office for National Statistics (ONS) revealed that net migration figures reached a record 745,000 in 2022 – roughly three times the annual average in the 2010s.

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Half a million homes a year needed to meet record net migration, says think tank

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