London Councils analysis shows that the capital needs to build 526,000 new homes from now until 2021 just to keep pace with population growth; currently fewer than half this number are projected.
The housing gap - there has been an increase of 540,000 households in London over ten years but only 430,000 new homes built. Mayor Sadiq Khan has secured over £3bn government funds to help start building at least 90,000 affordable homes by 2021.
London’s identified growth areas could accommodate an additional 1 million people. Opportunity areas (brownfield land areas) with significant capacity for new housing, commercial and other development linked to existing or potential improvements to public transport accessibility. Typically, they can accommodate at least 5,000 jobs or 2,500 new homes or a combination of the two, along with other supporting facilities and infrastructure – growth areas include:
By 2050 it is estimated that London will need an extra 1.5 million homes
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