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Experts warn of 60,000 London homes shortfall
Evening Standard
|June 27, 2024
A NEW alarm about the London housing crisis was sounded today when figures showed that the capital faces a 60,000 shortfall in new homes over the next three years.
A report from property consultants and advisers CBRE shows that the number of new planning applications, consents and construction starts are now running at 60% below their peaks of 2015.
A combination of a period of high interest rates, political uncertainty, planning delays and new regulatory demands such as the post-Grenfell requirement for two staircases in taller buildings, has drastically slowed down the housing pipeline in the capital.
The warning comes ahead of an election which is likely to return a Labour government committed to delivering 1.5 million new homes nationally over the five year course of the next Parliament.
Dit verhaal komt uit de June 27, 2024-editie van Evening Standard.
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