London House Building Set To Halve

London House Building Set To Halve

9:33 AM, 5th April 2017, About 4 years ago 1

Text Size

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?



Comments

by Tobias Nightingale

12:42 PM, 5th April 2017, About 4 years ago

What I find staggering is how the gov managed with a slim majority to actually pas clause 24.I have always thought the tories were just the lesser of two evils but still evil. I would have thought they would have used the lib dems to blame for this policy (claiming they wanted to get rid of all relief and as comprise came up with the 20% credit). One of the local gov mins even has said the last thing they want to drive landlords out of the market. Really??


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER