Housing Crisis Predicted for New Generation
9:59am 30th December 2014
(Updated 9:59am 30th December 2014)
A future housing crisis could be around the corner in West and North Norfolk after the release of new statistics showing the ratio of new births to new homes.
The research of government data was carried out by Genworth, the global mortgage insurer.
In North Norfolk, SEVEN babies have been born for every house built since 2010.
In King's Lynn and West Norfolk the figure was much lower at 4.2. In South Norfolk it’s lower still with 1.5 babies being born for every house built in the last four years.
The stats have led to warnings that future generations will be left to compete over a massive shortage of homes.
As a whole, England has built just one new house for every two births since 2010.