Real Estate
London’s Housebuilding Crisis Weighs on Labour’s Election Pitch
A stalled housing development, in the Hounslow borough of London.
Photographer: Ayesha Kazim/Bloomberg“If I am elected mayor, my single biggest priority will be to build thousands more homes every year,” Sadiq Khan wrote in his 2016 election manifesto to run the UK capital.
A decade since he won the role, London is on track to build the fewest homes per year since the aftermath of the second world war. It’s an unhelpful slump for the Labour Party that Khan represents, ahead of high-stakes local elections in which its track record on housing and the wider cost of living are on the agenda for voters.