Veiled by a haze of acerbic smog, backlit by fluorescent street lamps, and obscured by the sky-rise monoliths of canary wharf lie 8.5 million Londoners, spread over 32 boroughs. As City Hall knows, with exponential population growth, rising house prices and a shortage of affordable housing, working-wage Londoners may be forced out. This is a city on the brink of a housing crisis.
Here are 9 key facts that inspired this documentary:
House Prices in London are 61% higher than the national average.
Avg. London home = £509,000 (3.3% rise a month). UK Avg. = £249,000
The amount of homeless people in London increases every year.
6,440 in 2012/13. That’s more than double 2007/08.
Last year the average social housing rent rose 6.2% on the pervious year.
There has been a shortfall of 110,000 homes in the last ten years.
800,000 Londoners on housing waiting lists (incl. affordable housing).
An increase of 84% in last 10 years.
224,000 households are overcrowded.
Parliament will be giving the 10-Unit Affordable Housing reforms Private Member’s Bill a second reading before the House of Commons. If legislated, it will mean smaller developments in London won’t have to make Affordable Housing contributions.
Only half of Londoners own their own homes.