Responding to the release of the London Assembly’s latest annual Affordable Housing Monitor, Stephanie Pollitt, Programme Director for Housing at BusinessLDN, said:
“These figures are a stark reminder of the acute housing crisis that Londoners are facing and the urgent need to kickstart delivery.
“The Mayor and the Government have rightly taken action to boost housebuilding in the capital. But housebuilders are facing a perfect storm, with viability in London particularly challenging, so we now need to go further and faster.
“That includes reconsidering the introduction of the Building Safety Levy – a tax on new homes – later this year, increased transport investment to unlock sites for housing, and giving London the powers it needs to accelerate delivery through greater devolution and innovative funding models.”