Over the past decade, the population of Manchester has risen to 550,300, an increase of more than 79,800 people. This has resulted in 34,100 new households.
The growth in households has placed pressure on housing supply. Since 2007, only 14,760 new homes have been built in Manchester compared with the 34,100 new households. This has resulted in a shortfall of 19,340 houses in the city. As a result, there has been upward pressure on both prices and rents as demand outstrips supply.
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