Private property developers are outmanoeuvring councils
in housing negotiations and routinely delivering fewer affordable homes than
town halls want, an industry analysis has revealed. Amid growing anger at the
sale to foreign buyers of almost two-thirds of London’s tallest residential
skyscraper, which includes no affordable housing, it has emerged that not one
London borough that set targets has met them in the last six years. Councils sometimes
secured as little as 13% affordable housing when their stated targets were as
high as 50%, according to analysis commissioned by BNP Paribas Real Estate,
which advises local authorities and housebuilders in negotiations. On average,
the 34 boroughs achieved 22% affordable housing, on targets ranging from 30% to
50%. Read more on the Guardian website.
