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Long-Delayed New Town An Emblem For Uk's Housing Hole

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http://uk.reuters.com/article/2014/04/13/uk-britain-housing-analysis-idUKBREA3C05520140413

Where Britain's first new town in over 40 years is due to be built there is little more than a gaping hole - a symbol of the huge housing shortage successive governments have failed to fill.

For almost 10 years the project has languished, first as developers worried about its scale and then as the financial crisis hammered the construction industry.

Now, under a new government-backed plan, more than 20,000 new homes will be built in Ebbsfleet, 20 miles east of London and just 17 minutes from the centre of the capital on a high-speed rail line.

But that is just a drop in the ocean, according to a report by a former Bank of England policymaker published in March which said Britain was short of 1 million homes.

The dearth has helped fuel a jump of nearly 10 percent in British house prices over the past year, and much more in London, bringing with it echoes of past booms and busts.

"We've had to reshape colossal, almost biblical, amounts of land," said Jeremy Kite, leader of the local council in Dartford, the nearest main town, who has been working with the site's owner, Land Securities, to get building started amid disused chalk quarries.

More jam for London. Luckily the rest of the country has an acute housing shortage.

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Disused chalk quarry eh? All those classic Doctor Who locations will soon be housing estates.

Meanwhile all the ancestral land owners sit on the good land. Its quarries, brownfield and flood plain for the plebs.

Edited by aSecureTenant

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Disused chalk quarry eh? All those classic Doctor Who locations will soon be housing estates.

Meanwhile all the ancestral land owners sit on the good land. Its quarries, brownfield and flood plain for the plebs.

It always has been like that. That's why the UK is so effected by flooding, even in areas which are over 100 years old.

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From the OP link:

But that is just a drop in the ocean, according to a report by a former Bank of England policymaker published in March which said Britain was short of 1 million homes.

Then:

http://

www.ons.gov.uk/ons/rel/npp/national-population-projections/2010-based-projections/stb-2010-based-npp-principal-and-key-variants.html

The UK population is projected to increase by 4.9 million from an estimated 62.3 million in 2010 to 67.2 million over the ten year period to 2020.

Apparently the UK population is now about 64 million. Massive population growth is also predicted to continue for many years after 2020.

The article isn't clear where the BoE gets its "Britain was short of 1 million homes" figure but if the UK does listen to the BoE (risky based on its track record) and builds1 million homes at Labour's estimated rate of 200,000 per year then it looks like the UK will still be a million short by 2020 (assuming the current 2.3 per household number will still apply).

Apparently the current rate of house building is reported to be nearer 100,000 per year (at least until recently).

The rate of house building needs to be increased to at least 300,000 per year until 2020 and then it might start to get on top of the problem for a few years.

Edited by billybong

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Must admit that this gave me an idea for an April Fool article for HPC:

'New town of Ebbsfleet bought off-plan by a Chinese investor consortium, plans to leave empty'.

Then I realised that

(a) I'd never remember to post it in 11.5 months time, and

(B) It'll probably be old news by then anyway.

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