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Housing associations 'built half of all London homes in 2016'
Housing associations built almost half of the new homes completed in London last year, according to a report from the National Housing Federation (NHF) published yesterday.
Associations completed more than 11,000 new homes in the capital in 2016, equating to over 45% of total delivery.
Close to 3,000 of these were for shared ownership, with almost half built without government investment.
The figures were revealed as part of the NHF’s Home Truths report, an annual snapshot of England’s housing market which provides data on housing supply and affordability.
The report also said house prices in London were almost double the national average at £563,000, meaning households require yearly incomes of almost £130,000 in order to afford a typical mortgage.
Private sector rents are double the average for the rest of England, with 35% of housing benefit claimants in London currently working.
Harrow had the highest proportion of working housing benefit claimants, with 47% of those claiming the credit in employment.
