Skip to main content

Posts

Showing posts with the label new affordable housing

new affordable housing hits record low in london data shows

A record low number of affordable homes are being built in the London area, according to figures published by the Greater London Authority. In some London boroughs the number of affordable homes has shriveled, to just a handful. Richmond upon Thames, with a population of 194,000, built just five affordable homes in 2014-15 and the City of London managed zero, while Bromley lost affordable homes after the number of affordable properties was cut when a council estate was refurbished. In total, 6,856 properties defined as affordable were built in the capital in 2014-15, down from 6,914 the year before. Affordable housing includes shared-ownership properties and homes sold at below conventional market prices. As a percentage of all housing built in London , affordable housing has fallen to 25%, down from 39% four years ago. Pop-up housing could cut cost of London’s rental market & help UK housing Crisis  Boris Johnson has been the big ...