Private Sector Rent levels (2)

Meeting: 
MQT on 2015-07-15
Session date: 
July 15, 2015
Reference: 
2015/2136
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Do you accept that if rents continue to rise at their current pace, London's international competitiveness will be damaged as businesses increasingly struggle to find workers who can afford to live in the capital?

Answer

Answer for Private Sector Rent levels (2)

Answer for Private Sector Rent levels (2)

Answered By: 
The Mayor

London has experienced remarkable population and employment growth in recent years and our key challenge must be to increase housing supply to accommodate this growth. A thirty year failure to build enough homes to meet demand has put pressure on affordability. It is therefore important to build new homes of all tenures to address this.