Deskdiary
Arguably, you could say that the impact of immigration on the housing market has been both positive and negative, depending on the area you live and the age that you are.
But to put the housing crisis down to immigration alone is overly simplistic.
Over the past five years we have only built half the houses needed, despite government plans dating back to 2011 to get developers building. The Government's plan was to build 100,000 homes by selling off unused publicly owned land to private companies. The land was sold off by various government departments but the vast majority of homes have not been built.
The biggest contributor to this plan was the Ministry of Defence. The MoD claim to have sold off enough land for an estimated 39,000 homes as part of the Government’s overall 100,000 target.
Incidentally, back in 2011, Channel Four broadcast a documentary called The Great British Property Scandal. It revealed that there are over one million empty properties in the UK. There are places in Liverpool for instances, where there are street after street of empty houses. They are not even derelict, it's just that there are no government incentives to private building companies to renovate them and sell them on.
It's easy to lay all the blame for the housing crisis on immigration, but studies have shown that in terms of pure economics, immigration is good for the country.
As recent research from University College London shows, European migrants are not a drain on Britain’s finances; what is more, they actually pay in more in taxes than they take out in state benefits. That contribution – valued at £2bn a year – is helping to fuel Britain’s economic growth.
Perhaps that extra £2billion could be put to incentive schemes for construction companies to renovate and sell on a proportion of the housing stock currently sitting empty.