London Mayor getting to grips with Housing Crisis

May 19, 2016

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

AI in estate agency letting agency property
Estate Agent Talk

Turning anxiety into advantage: how SMEs can make AI work for them

By Johann Aguirre, founder of Cachi AI   According to the Office for National Statistics, AI adoption among UK businesses has risen from approximately 12% to around 35% since late 2023. However, adoption levels differ considerably depending on the size of a business and the sector in which it operates. Larger, established organisations may be…
Read More →
Estate Agent Talk

Home gym can add more than £24,500 to the value of a new-build home

The latest research from UK Property Development has revealed which sought-after features can add the most value to a new-build home, with dedicated wellness spaces and premium interior finishes commanding the largest price boosts. The research analysed the estimated potential uplift in value associated with some of today’s most desirable new-build features, applying each uplift to…
Read More →
Breaking News

Beachfront homes command £1.4m as Britain’s love affair with the seaside endures

The latest research from LandSale, the property portal dedicated to land and rural property, has found that beachfront homes continue to command a substantial premium across Great Britain, with the typical property carrying a £1.395m asking price, more than five times the average British house price. LandSale analysed its own internal market data for beachfront…
Read More →
Estate Agent Talk

Four to five houses is the sweet spot for first-time buyers

House hunting before the stress kicks in Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a gradual rise in stress levels the more properties viewed Overall just…
Read More →
Estate Agents should not all look the same
Letting Agent Talk

Opinion: Why Letting Agents Are The Cape-Wearing Heroes Landlords Need 

By Sally Lawson | Agent Rainmaker Let’s be honest – no landlords signed up to become compliance officers, legal experts, or legislative gurus. They signed up to invest in property. And yet, the weight of the regulatory obligation that’s landed on their shoulders has never been heavier.  And that’s even before the Renters’ Rights Act…
Read More →
Letting Agent Talk

Void periods ease following RRA implementation, but remain higher than a year ago

The latest analysis by property management specialist, Rushbrook & Rathbone, has found that average rental void periods across England have eased since the implementation of the Renters’ Rights Act (RRA) in May, suggesting that landlords are beginning to adapt to the new legislative landscape. The firm believes many are using this period of change as…
Read More →