Source link : https://london-news.net/londons-housing-crisis-experts-urge-policy-overhaul-advocating-for-lower-affordable-housing-quotas-and-green-belt-land-release/
A recent report has recommended that the Mayor of London reduce the requirements for affordable housing and release large areas of green belt land to address the housing crisis in the capital.
The Home Builders Federation (HBF), a trade association representing private developers, highlighted that the London Plan and a newly established building regulator are causing significant delays in housing development.
The report pointed out that London is tasked with delivering 440,000 of the government’s goal of 1.5 million new homes by 2030, yet only 30,000 new homes were built in the past year.
However, a housing advocacy group contended that such changes would primarily benefit developers looking to enhance their profits.
Sir Sadiq Khan has faced criticism after recent data indicated that London might fall short of its affordable housing targets, as well as overall housing construction.
In the financial year 2023/24, new housing starts in London declined by 9%, whereas the rest of England saw a 5% decrease.
The HBF pointed to a “perfect storm” of challenges facing London, including low demand from struggling first-time buyers, planning delays, and issues related to the Building Safety Regulator (BSR), which was created in 2022.
The BSR has also been criticized heavily by the mayor’s office.
City Hall asserted that the mayor is doing “everything in his power to increase the supply of homes across all categories.”
According to the HBF, the complexity of the mayor’s…
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Publish date : 2025-09-18 16:37:00
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