The UK.’s affordable housing crisis is characterised by systematic high demand and chronic undersupply. According to the UK government, as of March 2023, 1.29mn households were on waiting lists, a 14% increase over five years. Homes England aims to deliver 1.5mn new homes by 2029, but the current housebuilding rate is only 175,000 per year.
To solve the housing crisis, institutional capital needs to play a crucial role by delivering resident-focused solutions. Carefully assessing rental levels, delivering housing types to match the housing waiting list need and investing in areas with long waiting lists is critical. This approach, combined with iterative learning, can help ensure future housing developments align with local household needs.
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