Private housebuilding "stone dead" in London - Lord Bailey

Former Conservative mayoral candidate Lord Bailey has criticised London Mayor Sadiq Khan’s housing policies, claiming they have made private housebuilding "stone dead" by rendering projects unviable through strict affordable housing requirements. Under the London Plan, private developments must include at least 35% affordable homes, with a broader target of 50% across the city. This, critics say, has hindered private sector development and left London far behind its goal of 88,000 homes per year, with just 6% of planned homes expected in the next two years. The Mayor’s office defended progress on council and social housing and ongoing collaboration with the government to boost development. In a separate article in City AM, Lord Bailey argues that abolishing affordable housing targets and stamp duty could increase home construction. He suggests using state-owned land to fast-track 75,000 homes and modernising the mortgage market to assist first-time buyers.

The Daily Telegraph   City A.M.