Policy area: Housing
Date of publication: 12 March 2013
File type: Opens in a new window PDF, 1,505kb
London’s population has grown significantly in recent years and this is set to continue. We have not been building enough new homes to keep pace and present plans fall far short of meeting the housing needs of Londoners in years to come.
People in the capital are finding it increasingly difficult to find affordable housing to rent or buy. This has been brought into sharp focus by the changes to the benefit system. However, affordability is a supply and demand issue and the imbalance in London has seen prices and rents soar over recent years with no prospect of relief in sight.
With the capital’s population set to top 9 million by 2025, this is a problem that is going to get much worse, unless we act now. Bridging the affordability gap will require a range of solutions across the private and public sectors to boost supply.
One of these solutions is to increase the supply of new affordable homes built by the capital’s local authorities.
This document explains why London Councils is calling for the capital’s councils to be given the freedom to invest in building some of the new homes London needs over the coming years.