Responding to new Government figures showing that the supply of net additional homes in London fell to 32,160 over 2023 – 24, the lowest figure recorded since 2014 – 15, Stephanie Pollitt, Programme Director for Housing at BusinessLDN, said:
“In the face of challenging market conditions, these figures show that London is not close to hitting its new housing delivery target. Local authorities in the capital are now spending £4m daily on temporary accommodation as the city’s housing crisis continues to deepen.
“The Spring Spending Review must provide more long-term public investment and greater flexibility around how it can be used to ramp up housebuilding in London.
“The Government’s efforts to reform the planning system are welcome, but we also need steps to get shovels in the ground quickly including a more pragmatic approach to the section 106 process, which at present is stalling the delivery of both the social and market homes that the capital needs.”