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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