A government document has shown that mass migration over the last 25 years has played a major role in the rising of house prices.
Published by the Ministry of Housing, Communities and Local Government, the document was backed by research conducted at the University of Reading showing that a one percent increase in the number of houses led to a two percent increase in house prices.
From this, the document concludes that, from 1991 to 2016, ‘the increase in the non-UK born population [of roughly 4.8 million] in England is expected to have led to a 21 per cent increase in house prices.’
This comes after Housing Minister Dominic Raab said last week that ‘you can’t have housing taken out of the debate around immigration.
‘If we delivered on the Government’s target of reducing immigration to the tens of thousands every year; that would have a material impact on the number of homes we need to build every year.’