Collapse in construction activity causing alarm but mayor and Whitehall face pushback over ‘extreme solutions’
Sadiq Khan has known for a while that he has a problem with housebuilding in London. But last week a consultancy published figures about the scale of the problem, which prompted full-scale alarm in City Hall and Whitehall.
The analysis from Molior showed that new housebuilding in the capital had collapsed. Only 40,000 homes are under construction – two-thirds the normal rate – and in the first three months of the year builders started work on just 3,248 private sector units.
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