Housing is Londoners biggest concern

The Mayor of London, Sadiq Khan, yesterday outlined his plans to create a better city for all Londoners, where no community is left behind and where everyone has the opportunities they need to fulfil their potential.

Published yesterday the press release headlines , The Mayor plans to create ‘A City for all Londoners’, the  document is the first step towards the creation of a new ‘London Plan’ – the document which sets the rules for how London develops.

The report states: Londoners regularly raise housing as their biggest concern– with only eight per cent of Londoners satisfied with housing in the city. A shortage of truly affordable homes is acting as a drag on the attractiveness of London as a place to live and work. That is why the Mayor has made housing such a priority and is working to deliver more, better, genuinely affordable homes for the Londoners who need them.

Housing is highlighted in the document: The Mayor is clear that building enough new homes and catering to the needs of all Londoners, including the most vulnerable, is extremely challenging and will be a marathon rather than a sprint. He is:

Working towards a London-wide target for 50 per cent of new homes built in London to be affordable. This is planned to be achieved through his new London Plan and by working closely with boroughs, housing associations and the development industry, through the new Homes for Londoners Board.

Building new homes both for sale and for rent, including a range of different sorts of affordable housing. Delivering more shared ownership properties and renting options to help middle earners.

Launching a new No Nights Sleeping Rough Taskforce, in partnership with boroughs, charities and other key players – aiming to help people who are sleeping rough and, crucially, to prevent people ending up on the street in the first place.

Read the press release ‘A City for all Londoners’ in full click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Letting Agent Talk

Dispelling the top five biggest letting agent myths

By Sophie Danes, Group Director of Property Management, Lomond   This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is…
Read More
bank of england interest rate
Breaking News

Bank of England Holds Interest Rates at 3.75%

Colleen Babcock, property expert at Rightmove says: “There’s stability for now as the Bank of England holds its Base Rate as widely expected. We’ve seen average mortgage rates increase over the last few weeks as geopolitical tensions have escalated, and the average two-year fixed rate is currently coming it at 5.11%. For broader context, this…
Read More
New Builds 2020
Breaking News

Average new-build value to surpass £400,000

The latest research from UK Property Development has found that the average price of a new-build home in England is on course to exceed £400,000 by 2027, having risen steadily over the last decade alongside sustained growth across the wider British market. The research analysed average new-build house price data across Great Britain and its…
Read More
Breaking News

Money and Credit – June 2026

These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in…
Read More
Breaking News

Price of a sea-view home up 27% since 2019

The average asking price for a home with a sea-view in Great Britain is £298,810, up from £235,635 in 2019 (+27%) Average sea-view asking prices have risen by more than 50% since 2019 in both the East Midlands and Yorkshire & The Humber The South East remains the most expensive region for a sea-view home…
Read More
Breaking News

14.6% fewer farms in England

The latest analysis by LandSale has found that the number of agricultural holdings in England has fallen by 14.6% since 2005, highlighting the continued restructuring of the farming sector as some landowners exit the industry and others consolidate their operations. LandSale analysed the latest UK Government agricultural holdings data, comparing the number of total holdings and…
Read More