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<\/p>\nThe government\u2019s housebuilding targets will be unachievable unless government intervenes to end \u2018nosediving\u2019 investment in the capital, the Home Builders Federation has warned.<\/p>\n
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In a report today, the HBF points to housing delivery indicators heading \u2018in the wrong direction\u2019 and said with the capital expected to deliver 440,000 of Keir Starmer\u2019s targeted 1.5m homes, the government\u2019s housing targets are at risk unless the situation improves.<\/p>\n
A spokesperson for the HBF said: \u201cA lack of support for buyers; excessive bureaucracy; unrealistic affordable housing demands and huge delays getting applications approved, not least with the Building Safety Regulator, are all strangling attempts to deliver desperately-needed new homes.\u201d<\/p>\n
The HBFs \u2018Mind the Gap\u2019 report points out only 30,000 homes were completed in London in the year to June 2025, as measured by the number of new properties issued with Energy Performance Certificates. This is down 12% from the previous year and significantly below the 2019\/20 peak when the figure topped 40,000.<\/p>\n
The report cites official figures showing planning permissions have dropped to their lowest level since records began in 2006, with just 966 projects approved in the 12 months to June 2025.<\/p>\n
The overall share of national housing delivery in London has also reduced from 20% a decade ago to just 15% today. The report cited Greater London Authority figures showing residential starts fell 38% between 2022\/23 and 2023\/24. A total of 996 new projects were approved in the year to June 2025, the lowest figure since records began in 2006.<\/p>\n
The HBF said: \u201cWith the government\u2019s standard method setting a requirement for London to deliver 88,000 homes a year, output would need to more than double, increasing by 175%, to meet that goal, casting serious doubt on the city\u2019s ability to meet future needs and make the required contribution to government\u2019s 1.5 million homes target.\u201d<\/p>\n
The HBF said the Building Safety Regulator is having a disproportionate impact in London with almost 10,000 homes stuck in the Building Safety Act\u2019s \u2018gateway 2\u2019 approval process for more than six months.<\/p>\n
It adds: \u201cWhen combined with other policy costs, such as dual staircase requirements, carbon offset charges, and per-square-metre levies under the Building Safety and Mayoral Construction Infrastructure Levy, the financial burden on developers, particularly those building apartment schemes, has become unsustainable.\u201d<\/p>\n
It said London\u2019s 35% affordable housing requirement is another major constraint. It said: \u201cFew schemes can meet the threshold, as the lack of registered providers willing to take on section 106 units compounds the problem\u201d.<\/p>\n
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