Economics
London Will Need Another 355,000 Apartments by 2030
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Some of Europe’s biggest cities, including London and Paris, will have a shortfall of 1.2 million apartments by 2030, according to a study of nine metropolises by the German Institute for Economic Research for real estate developer Wiener Komfortwohnungen. The U.K. capital accounts for the biggest share: it faces a gap of almost 355,000, which would be an 11% increase from the current level.