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

Breaking Property News 5/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   New AI Real Estate Market Intelligence Platform Launches in the U.S.   Press Release – New York, May 2026 — Rodland Real Estate, a leading independent brokerage headquartered in The Bahamas, has announced the U.S. launch of RoRo, an advanced AI-powered real estate market intelligence…
Read More
Breaking News

Mortgage affordability at tightest level since 2008

UK Finance has today published a new Lending Where We Live report, revealing sharp differences in mortgage affordability and buy‑to‑let returns across the UK. Key findings 723,000 house purchase mortgages advanced in 2025, up 17 per cent year-on-year Average borrower spends 21.3 per cent of gross income on repayments Significant regional differences: North Norfolk and Hillingdon top the list with borrowers spending over 25 per cent of gross income Seven…
Read More
Breaking News

Did landlords frontload rent hikes ahead of the RRA?

The latest insight from Inventory Base suggests that, despite the incoming Renters’ Rights Act limiting rent increases to once per year, only around a quarter of landlords appeared to pre-empt the change by front-loading rent rises ahead of the 1st May deadline. This comes amid wider policy uncertainty in the rental sector, with the UK…
Read More
Rightmove logo
Breaking News

Rightmove to host live Q&A webinar on the Renters’ Rights Act

Rightmove is hosting a live Q&A webinar today to help agents better understand the Renters’ Rights Act and its practical implications as the Act takes effect. The Renters’ Rights Act: Live Q&A webinar will take place on Tuesday 5th May from 10:00am to 11:00am and will be available to watch via the Rightmove Hub. Over…
Read More
Home and Living

War over bin blunders as legal expert reveals what you can actually do

Rows over rubbish are bubbling up, with fed-up homeowners losing patience over neighbours who refuse to bring their bins back in. Now, a legal expert has revealed the simple steps you can take before things spiral into a full-blown neighbourhood feud. Natalie Peacock of Rogers and Norton explained that while it might be tempting to…
Read More
Breaking News

The UK’s best place to be a buy-to-let landlord in 2026 – and it isn’t London

Manchester tops the list with an average property price below the UK average and an annual rental return of 6.4%, beating all 32 London boroughs. Newcastle upon Tyne ranks second and is the only area in the study to deliver an annual return of more than 7%, while Blackpool places third. New research ranks 310…
Read More