Episode Details

London’s housing boom is hitting a wall as new home construction plummets to just six thousand in the first quarter—far below the mayor’s annual target of eighty-eight thousand. Developers are pausing, citing a glut of unsold and unfinished homes, rising costs, and lack of buyer incentives. Experts warn that while supply-side reforms are underway, the real bottleneck is demand: buyers are sidelined by steep prices, high service charges, and London’s punitive taxes like stamp duty. City Hall is pushing back with new affordability rules and multi-billion-pound funding for councils and housing associations—but with current trends, it’s unclear if these moves will spark the needed revival anytime soon.

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