• Home /
  • News / Tom Copley AM Statement on London House Price Figures

Tom Copley AM Statement on London House Price Figures

House

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.”

Do you like this post?

Reactions

Please check your e-mail for a link to activate your account.

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.