London House Building Set To HalveMake Text Bigger
According to Savilles, “the London Plan” is to build 42,000 homes a year in the UK Capital whilst housing demand is thought to be nearer to 64,000.
However, lower sales rates are predicted to see the number of homes developed in London by 2021 plummet to just 18,000.
What is driving this one might ask?
Could it be Government taxation policy?
Apparently there is a vast over-supply of expensive homes and a chronic under supply of affordable homes.
What impact is this likely to have on rents?
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