Can micro-homes solve London’s housing crisis?

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These days, finding somewhere to live in London is one of the city’s biggest challenges.

The Greater London Authority estimates that 49,000 new homes are required in the UK capital every year to cope with its burgeoning population.

In 2013, just under 20,000 new properties were built.

With space tight and increasingly expensive, some are predicting micro-living — residency in compact homes and apartments strategically designed to maximize usable space — could become a common theme in the coming years.

“I think it is a new, more permanent approach to living, especially in city centers, because there’s only a finite amount of space so people can’t build more.” Merchant said.

While the next few years will reveal how successful a concept micro-homes will become, it’s safe to say they’ve given many Londoners an interesting option to consider.

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CNN