This week’s chart assesses the effect that the holiday had on the housing market, as well as the wider economy.
This week’s chart assesses how the supply of housing has changed over time, and the extent to which we can learn from the factors that have caused these changes.
The extent to which can affordably rent varies considerably across the country, with London, naturally, being least affordable. We show that this isn’t just an issue for those on lower incomes.
According to the Bank of England, the availability of mortgages declined dramatically in the three months ending May 2020 – implying a bigger credit squeeze than in the worst three-month period of the global financial crisis.