In 2018, Sadiq Khan stated that “as Mayor, I know that our housing crisis is the biggest threat to London’s future. It is the main reason why all Londoners cannot share in our city’s success.” A recent survey undertaken by YouGov, and released by London First, reveals that 4 in 10 Londoners have considered leaving the capital because of housing costs. As we approach the next Mayoral elections in 2020, we consider recent housing delivery and the challenges faced.
The draft new London Plan proposes a 53% increase in London’s ten year housing target compared to the current plan.
Net additional dwellings for the period 2017/18 have fallen 23% on the previous year.
New builds fell 13% for the period 2017/18 compared to the previous year.
There has been a 30% reduction in planning applications for major schemes in 2017/18.
21 of the 33 London boroughs experienced a decline in net housing delivery for the period 2017/18.
GLA has set a target of 116,000 affordable home starts by 2022.
Based on latest reporting for 2018, only 2,400 affordable home starts have been recorded so far, with a total target range of 14,000 to 19,000 for the period 2018/19.