Ahead of tomorrow’s London mayoral elections the Home Builders Federation (HBF) has laid out measures the next London Mayor could take to address the capital's housing crisis.
HBF says that despite the deepening housing supply and affordability crisis in London, recent years have seen a marked political and economic shift which has adversely affected housing supply and affordability. The manifesto published by the HBF – called Building Blocks for the Next London Mayor - identifies actions that can be taken to support the delivery of much-needed homes and ease the affordability strain on working-age Londoners.
“All indicators forecast that supply will continue to drop in the coming months and years, by much more severe measures,” says HBF. “This includes HBF’s most recent quarterly Housing Pipeline report, which demonstrated that the number of sites gaining planning permission has continued to plummet year-on-year.
“Meanwhile, the number of households in inner London is expected to rise by 580,000 by 2039 compared to 2014, with outer London expected to increase by over 800,000 during this time, an increase of 40%.
“To meet the needs of projected households by 2039, there will need to be 1.02 million homes built over …
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