Housing shortages and high rents.

house building essex colchester

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.

 

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

Breaking News

Homesellers face months of delays

The latest market analysis from House Buyer Bureau has revealed that home sellers in some parts of the country are facing Local Authority search waiting times of more than 90 days, with growing legal bottlenecks increasingly putting transactions at risk before they reach the finish line.   House Buyer Bureau analysed the latest Local Authority…
Read More
Breaking News

Breaking Property News 14/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The art of getting noticed as a recruiter in a world noisy with AI Why personal branding, humour and sharp messaging cuts through all – meet Daniel Fisher MREC Cert RP As a two times editor, journalist, author, analyst and consultant I get to…
Read More
can you drink tap water
Letting Agent Talk

What tenants really want from a HMO in 2026

By Allison Thompson, Chief Lettings Officer, Leaders part of LRG   Houses in Multiple Occupation (HMOs), also referred to as multi-lets or room rentals, have come a long way in the past couple of decades. Once thought of as very much at the bottom of the accommodation pile, with a reputation for being sub-standard, many…
Read More
Estate Agent Talk

Rethinking Property Transactions Starts with Communication

By Cara Stanbridge, Head of Relationship Management at Nova Legal   Across the UK property market, transactions are in turmoil. Ongoing economic pressures are impacting house prices, mortgage deals, and overall demand, reflecting the uncertainty nationwide. In fact, a recent study found that for those who are taking the plunge to buy or sell this year,…
Read More
Breaking News

B2L mortgage costs climb 64% in a decade

The latest research from London lettings and estate agent, Benham and Reeves, has revealed that the average monthly cost of a buy-to-let mortgage has climbed by as much as 64% over the last decade, as landlords continue to face mounting financial pressure alongside sweeping reforms introduced via the Renters’ Rights Act.   Benham and Reeves…
Read More
Breaking News

Breaking Property News 13/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Renters’ Rights Act: What Estate Agents Need to Understand About the Tenant Impact   Author Andrew Stanton Editor EAN   The Renters’ Rights Act represents the biggest structural shift to the private rented sector in decades, and while much of the conversation has focused…
Read More