New figures reveal that affordable home starts in London last year were the second lowest recorded, with some boroughs experiencing zero new projects. Conversely, 11,636 affordable homes were completed, an increase from the previous year. Critics note that about 300,000 homes with planning permission remain unbuilt, amplifying the urgency of London's housing issues. City Hall projects an annual need for 88,000 new homes over the next decade to meet demand and government commitments, yet the current target of 52,000 homes is far from being met.
The number of affordable homes being started in London last year was the second lowest on record, highlighting the severity of the city's housing crisis.
London is projected to need 88,000 new homes annually over the next decade to meet both demand and government housing promises.
Despite 11,636 affordable homes being completed, the lack of new starts underscores persistent challenges in the London housing market.
City Hall's current target of 52,000 new homes a year remains unfulfilled, emphasizing the disparity between needed and actual housing production.
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