Monday, 22 August 2016

Increasing Housing Stock Doesn’t Have To Be A Taxing Issue

With the south East, including London, continuing to miss the 50,000 housing target (by around 50%) it is no surprise that house prices are more than 10 times the average wage for Londoners and therefore unaffordable.  Sadiq Khan clearly has the shortage of homes, and consequent high house prices and rents, at the top of his agenda. However, there is increasing cause for concern that committing to a 50% affordable housing target will mean that developers may very well be alienated and walk away from certain projects if they can’t make the necessary profit. In essence, his policy may do more harm than good. So, what options are available to Khan if he truly intends on cracking the housing crisis? Read more on the Housing Excellence website.

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