Housing costs to drive 30% Londoners out

The figures issued by Shelter revealed that about a third (30 per cent, the equivalent of 1.8 million) of the people living in London thought that the rising housing costs would drive them out of the capital.

The study that was conducted by YouGov also demonstrated that the two thirds (65 per cent) of London residents who do not possess their own homes believe they would never be able to buy one.

Shelter’s chief executive Campbell Robb stressed that the authorities should take proper actions to fix London’s housing to prevent an “exodus” of families.

“Decades of failure to build enough affordable housing has left huge swathes of Londoners locked out of home ownership, pushed into a revolving door of private let after private let,” he said.

Robb called on the next London Mayor to consider London’s housing issue, saying the next Mayor should bring together a complex web of budgets and departments into a simple, public-focused agency that could include the change the Londoners want.

Responding to Shelter’s study, London mayoral candidate Ken Livingstone admitted that there was an “urgent need” to construct more homes in the city. Saying, “With just 56 housing starts in six months last year, Boris Johnson has failed to act for Londoners and the capital is in the grips of a housing crisis.”

He said it will be crucial for the capital that the people could afford to move to London. “As well as building more affordable homes, I am committed to delivering a London-wide social lettings agency, and campaigning for a London Living Rent,” he added.

SAB/JR/HE

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