Mayor of London warns of potential slow in affordable homebuilding progress

Article summary

The Mayor of London, Sadiq Khan, has warned that rising energy costs, inflation, construction wages, material prices and higher financing costs are threatening to slow the progress on affordable homebuilding progress in London. Khan has called on the government to provide additional investment to retain London’s construction capacity during the period of economic downturn stating that an additional £4.4bn would be required annually to deliver the number of affordable homes required.