More than half of the 1,900 ultra-luxury apartments built in London in 2017 failed to sell, so overcrowded London has dozens of “posh ghost towers”.
Meanwhile, some 320,000 people are homeless across Britain (on the streets or in temporary accommodation). On-the-streets homelessness has doubled since 2010. Millions more are stuck sharing with parents or friends because they can find nowhere affordable.
Other millions are in insecure, often expensive, often squalid privately-rented accommodation. The private rented sector has increased from 2.6 million households in 2007 to 4.7 million on the