Development by large London housing associations to fall by a third, G15 warns

By Carl Brown2023-05-17T12:20:00

Source: Shutterstock

Group says development will tail off without support

The largest housing associations in London have warned their development output could drop by a third unless they receive extra government support.

The G15 group, whose members collectively built 11,600 homes in 2021/22, said restrictions to rent rises, increased borrowing costs and the need to divert money towards improving existing homes and meeting building safety requirements mean future development is likely to fall sharply.

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