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The focus of housebuilding initiatives must be on quantity—not so much on the type of housing

Less red tape and lower taxes will fix the problem

By Bob Blackman  

Men work on a construction site © Pixabay

For years, the country, but more prolifically the capital, has been failing to generate the numbers of new homes it needs to house a population that has been growing fast. According to the 2011 census, London needs at least 40,000 new homes every year just to keep pace, yet over the last three years, only 107,800 were built.

Councils in London have recently calculated that to clear the backlog and meet growing demand more than 100,000 new homes a year are required—but house prices in London are now soaring above where they were before the crash, placing homeownership…

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