Mayor of London to drop affordable housing requirement to 20%
Original Article Summary
The Greater London Authority are considering dropping the affordable housing requirement to 20% in a bid to increase more building. The post Mayor of London to drop affordable housing requirement to 20% appeared first on PropertyWire.
PropMatch Curated Analysis
The Mayor of London is considering reducing affordable housing requirements from 35% to 20% to improve development viability as current rules are making schemes uneconomic and hindering housing supply.
Investor Relevance
This policy change would significantly improve development economics and scheme viability for residential projects in London, potentially increasing returns and making previously unviable developments profitable. Particularly relevant for developers and investors considering new schemes or land acquisition in the capital.
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