The capital city of England, London has a population of approximately nine million residents and by 2041, the population of London is estimated to exceed 10 million individuals. To house them, the sprawling city has a stock of approximately 3.8 million dwellings. Annually, there are between 15,000 and 25,000 housing construction completions.
Unsurprisingly, London also topped the ranking as the most expensive region for renters. The average cost of rent exceeding 2,000 British pounds in 2024. Certain Boroughs in London will set back the average renter more than others. Westminster, Lambeth, and Hammersmith, Fulham, Kensington and Chelsea were the most expensive boroughs based on the average monthly rent.
Number of housing units in London from 2001 to 2023
(in 1,000s)
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Department for Communities and Local Government (UK). (May 30, 2024). Number of housing units in London from 2001 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). "Number of housing units in London from 2001 to 2023 (in 1,000s)." Chart. May 30, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). (2024). Number of housing units in London from 2001 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). "Number of Housing Units in London from 2001 to 2023 (in 1,000s)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK), Number of housing units in London from 2001 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/ (last visited December 21, 2024)
Number of housing units in London from 2001 to 2023 (in 1,000s) [Graph], Department for Communities and Local Government (UK), May 30, 2024. [Online]. Available: https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
