Housing market

Meeting: 
MQT on 2013-05-22
Session date: 
May 22, 2013
Reference: 
2013/1424
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Do you agree with the Housing Minister, Mark Prisk MP, that the housing market has become 'increasingly dysfunctional'? If so, in what specific ways do you think it has become dysfunctional?

Answer

Answer for Housing market

Answer for Housing market

Answered By: 
The Mayor

I agree with the analysis in the Minister's speech to which you refer, setting out why he believes that the housing market is dysfunctional, ie:

• We have been building roughly half the number of homes we need, year in, year out, for over 15 years.

• The previous government set huge housing targets, yet the rate of house building actually fell to its lowest level since the 1920s. So crude targets (like the 50 per cent affordable housing target in the former Mayor's London Plan) simply don't work.

• We have too often ended up in the past promoting housing estates which were poorly designed, badly built and that did not reflect what local people actually wanted.

• We need a radically different approach to the private rented sector. For too long it has been neglected, and it's time that changed.