London Mayor getting to grips with Housing Crisis

New London Mayor Sadiq Khan has wasted no time since taking office, he immediately  requested an urgent audit of City Hall’s readiness to tackle the housing crisis, the audit revealed what the London Mayor called the “massive scale” of the challenge ahead.

The previous Mayor Boris Johnson  came in for critiscm from Sadiq Khan for what he said was “letting Londoners down” over affordable homes.

Sadiq Khan reportedly  said: “London gave me the opportunity to go from the council estate where I grew up to being able to buy a family home we could afford. But today, too many Londoners are being priced out of our city.

“One of the first things we did when we got to City Hall was open the books and look at what was already in the pipeline, and it seems the previous mayor has grossly let down Londoners by leaving the cupboard bare when it comes to delivering affordable housing.

“I am determined to fix London’s housing crisis and ensure that all Londoners have the opportunity to rent or buy a decent home at a price they can afford, but the scale of the challenge is now clearer than ever and we’re not going to be able to turn things around overnight.

“We will be outlining our plans in the coming months, but one of the first things we can do is work with Transport for London to fast-track their numerous surplus sites for development that have previously just been sat on.

“There is no doubt we have our work cut out, but I plan to personally get to grips with the mess that has been left behind and will insist on far higher levels of affordable housing in new developments.”

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

London rents outperform property values

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that rental growth has outperformed house price growth across 26 of London’s 32 boroughs since the start of the year, with rents continuing to climb despite weaker property price performance across much of the capital. Benham and Reeves analysed the average…
Read More →
Breaking News

Rental property availability falls

The number of rental properties available across England fell by 12.1% during the third quarter of 2026, according to new analysis by Dwelly, highlighting an increasingly competitive rental market in many parts of the country. Dwelly is one of the UK’s largest rental property management groups, with more than 15,000 properties under management. The firm’s…
Read More →
Breaking News

Average advertised rents surpass £1,400 for the first time

The average advertised rent of homes outside London has risen to a new record of £1,418 per calendar month, up 1.5% this quarter: Despite a new record rent, annual rental growth has returned to a more stable level of +2.4% Number of available rental homes nationally is 2% lower than a year ago, while renter…
Read More →
Breaking News

Barclays unlocks wider mortgage access for company directors

Limited company directors who meet the income threshold can now have their Profit After Tax (PAT) considered in their affordability assessment regardless of property value The change means that, for a wider group of limited company directors, Barclays will consider a fuller view of the applicant’s income The update is the latest in a series…
Read More →
Breaking News

Homebuyer demand fall in Q3

The latest sales demand data from eXp UK has revealed that homebuyer demand in England slipped by -1.6% in Q3 2026. The analysis shows that just five counties managed positive growth during the quarter, suggesting that buyers may be holding back, adopting a wait-and-see approach ahead of what promises to be a vital Autumn Budget –…
Read More →
Estate Agent Talk

Alterations can change a property’s rebuild cost

‘Don’t get caught short’ warning to homeowners from valuations experts – alterations can change a property’s rebuild cost Properties change over time. Homeowners may add an extension, upgrade a kitchen or bathroom, alter the layout, or even change how the building is used, but when do those changes mean it’s time for a new rebuild…
Read More →