During his first visit to the MIPIM property conference, the Mayor of London Sir Sadiq Khan acknowledged the urgent need for improved housing delivery in London, stating: “We have got to do better.” He highlighted a 88% drop in new affordable homes, with only 3,156 starts last year. Khan plans to tackle planning delays and is prepared to intervene in council decisions that hinder community interests. He emphasised the importance of foreign investment, noting: “Now's the time to invest in London,” as he engages with international investors. The Government aims to build 88,000 new homes annually, a target not met since 1934, and Khan believes that with the right support, London can overcome current challenges in the housing market. |
The Standard (12/03/2025) |