Like in any market, housing prices are set by the levels of both supply AND demand. Supply has increased steadily, approx +200K dwellings per year. Demand has

Like in any market, housing prices are set by the levels of both supply AND demand. Supply has increased steadily, approx +200K dwellings per year. Demand has increased -dramatically- primarily due to mass migration (net +944K people in year ending March 2023). 95% of additional households had a foreign-born Household Reference Person between the years 2010 and 2014. https://committees.parliament.uk/writtenevidence/62910/html/ https://committees.parliament.uk/writtenevidence/62910/html/