Tom Copley AM has responded to ONS figures published today that show house prices in London rose by 19.1% in the year to July.
Responding to ONS figures published today that show house prices in London rose by 19.1% in the year to July, Tom Copley, London Assembly Labour Group Spokesperson on Housing, commented:
“With the Mayor only building a third of the homes needed to keep pace with demand in London it is no surprise that prices are continuing to soar. With house prices rising almost twenty per cent in the past year, owning a home in the capital is becoming an ever more distant dream for more Londoners.
“It is staggering that the average home in London now costs over half a million pounds despite many people’s wages flat lining. It is high time the Mayor faces up to the scale of the capital’s growing housing crisis. The first step is to get London building the homes it needs, something he has failed to do for six years now.”