London’s housing crisis is set to escalate even further as figures show the construction of new socially rented homes in the capital is collapsing.
Statistics from the Department of Communities and Local Government reveal that the number of new socially-rented homes that began to be constructed in the city fell below 5000 in the most recent year for the first time in over a decade. There were just 4,790 new social home-build starts in 2015/16 compared to 7,860 in 2010/11. London’s population soared by around half a million in that period.
The figures for the most recent quarter are especially troubling, recording just 660 new starts in the latest period, a fall from over 2000 in the first quarter of 2015/16.
As alarming as these statistics are, they only tell half the story. Many of these new homes will be ‘affordable’ rather than priced at social rents. This means that…
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