A suggestion that up to 50 per cent of new homes built in London should be affordable has come in for sharp criticism from the house building sector.
A register of public land recently found 40,000 sites in London could be developed delivering 130,000 homes, claims Labour London Mayor hopeful Sadiq Khan.
He also says he will guarantee that all part-rent, part-buy homes bought on mayoral land - some 10,000 - will be sold to Londoners registered as voters for five years or more. He will also exercise rent controls.
Khan says the push for more affordable housing is required because “ordinary Londoners are being priced out of our city, pushed further and further out.”
But the Home Builders’ Federation has told the International Business Times that: "There are intense financial pressures on sites in London, driven by the extremely high cost of land. Affordable housing limits have to be realistic. Imposing unrealistic targets will make developments unviable, so preventing sites coming forward and reduce the supply of housing – including affordable ones – still further."