{"id":254810,"date":"2025-11-10T12:09:12","date_gmt":"2025-11-10T12:09:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/254810\/"},"modified":"2025-11-10T12:09:12","modified_gmt":"2025-11-10T12:09:12","slug":"why-does-londons-housing-crisis-matter-to-the-uk-economy-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/254810\/","title":{"rendered":"Why does London’s housing crisis matter to the UK economy?"},"content":{"rendered":"

Self-employed publicist Haddy Folivi, 48, moved from London to Peterborough in 2021 with her two children. <\/p>\n

Born and raised in Hackney, she said house prices in the capital had become “ridiculous”, and the main driver for her to leave. <\/p>\n

“For a house with a room each for my kids, we were looking at around \u00a3500,000.<\/p>\n

“I didn’t want to overstretch myself and pay thousands of pounds a month on a mortgage. I wanted to get something affordable for us as a family.”<\/p>\n

She says many families in London, including many of her friends, are being “forced out”.<\/p>\n

Ms Folivi is part of a “mass exodus” of people being priced out of London<\/a>, according to Paul Rickard, CEO of affordable housing provider Pocket Living. <\/p>\n

According to its poll of 1,000 people aged 25-45 in Greater London:<\/p>\n

42% said although they didn’t want to move out of London, they may have no choice<\/p>\n

Almost two-thirds of young people rely on some form of borrowing to cover their housing payments.<\/p>\n

Mr Rickard says in the five years they have been running the survey, “these are some of the most concerning findings we have seen”.<\/p>\n

“London’s housing crisis has deepened into something more corrosive: an affordability breakdown that is reshaping how a generation lives, works and plans for the future.”<\/p>\n","protected":false},"excerpt":{"rendered":"Self-employed publicist Haddy Folivi, 48, moved from London to Peterborough in 2021 with her two children. Born and…\n","protected":false},"author":2,"featured_media":254811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-254810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/254810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=254810"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/254810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/254811"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=254810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=254810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=254810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}