Housing supply and demand

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/1130
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Do you accept that the mismatch between housing supply and demand in London has grown over the last six years?

Answer

Answer for Housing supply and demand

Answer for Housing supply and demand

Answered By: 
The Mayor

I would argue that we have not been building the numbers of homes that London needs since the 1930s.

In recent times housing supply in London has not been able to keep up with unprecedented growth in housing demand (driven by huge growth in the number of people and jobs), because the house building industry has inevitably taken time to recover from the effects of the recession and credit crunch. However, several different indicators point towards rapid strong growth in new supply in the coming years.