Housing shortages and high rents.
Zac Goldsmith the Conservative London mayoral candidate has reportedly said London needs to see housebuilding at a level last seen in the 1930s, he claims that the current housing shortage is a “social crisis.” He has vowed to double house-building in the capital, pledging to ensure homes are built at a rate of 50,000 a year by 2020.
He reportedly said: “We know this is the number one concern for Londoners and we know it is the number one concern for businesses.
“We know the only solution is to massively ramp up the number of homes we are building to help close the gap between what we need and what we are currently building and that means around 50,000 homes a year, it means going back to the 1930s levels of housebuilding which will require monumental effort but we also know that is possible.
“We have vast amounts of publically owned land brownfield land which is not being used which could be used and we need to unlock that land, both through transport extensions but also by prizing it away from public bodies that has to be the absolute emphasis.
The Labour candidate Sadiq Khan has reportedly pledged to build a minimum of 80,000 new homes a year.
At the same time as London experiences a shortage of housing the Green Party leader, Natalie Bennett is demanding greater protection for people living in private rented accommodation, that would include the creation of a Living Rent Commission by the government. Housing shortages and high rents go hand in hand, both these issues need to be addressed simaltaneously by the Government and the London Mayor.
You May Also Enjoy
Autumn Budget doesn’t dampen commercial property outlook for 2026
Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers
Inheritance tax receipts rise as government performs partial U-turn on relief rules
Breaking Property News 22/1/26
Nationwide extends six times lending to home movers and remortgage