Housing crisis: Houses from the the Georgian era around the Portobello Road area of Kensington in London. Home prices in London remain more than 11 times average earnings even after receding from a peak of 12.9 times in 2021. — The New York Times
LONDON: The United Kingdom is planning a package of emergency measures to boost housebuilding in London that could be announced soon.
The proportion of affordable homes developers must provide when trying to fast-track planning will be reduced to about 20% for non-public land from 35% under the changes, sources said, asking not to be identified as the information is private.
