In 2024, social housing waiting lists in London reached 336,366 households, the highest level in over a decade, reflecting a 32% rise since 2014. This figure implies acute challenges for London's housing market, exacerbated by a homelessness emergency where over 183,000 residents are in temporary accommodation. Financial constraints faced by borough councils hinder housing delivery amidst rising accommodation costs. Government initiatives to build 1.5 million homes by 2029 seek to address these issues, but the crisis emphasizes an urgent need for more affordable housing in London.
"The capital is becoming increasingly unaffordable and, as these numbers demonstrate, there is a desperate need for more social housing."
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