Average annual net housing completions in London by planning authority (2016/17 - 2018/19)
On average, 29,000 net completions were added to the housing stock in London between 2014/15 and 2017/18. The vast majority (85%) were for the private market and an average of only 700 net completions were made for social rented properties.
The boroughs completing the most new homes include Tower Hamlets, Croydon and Newham. However, boroughs vary greatly in both their size and in the availability of development opportunities. Boroughs are set targets in the London Plan for how many homes they should be delivering each year and this figure gives a sense of the potential for new buildings in each borough.
Whilst the targets in the London plan are not the only measure by which to assess the pace of new building in London, with fewer than ten boroughs meeting their existing targets (set in 2016) and the city-wide target not being met, it is clear that in general, not enough homes are being built in London. Targets outlined in the new draft London Plan are typically higher than those set in the 2016 plan.
This slow increase in the supply of housing in London is a factor behind problems including housing affordability, overcrowding and homelessness.