The global coronavirus pandemic is about to have a negative effect on housing in London.
At the moment, there are fears that one of the worst hit cities will face a worsening housing crisis.
The concern was raised today by figures showing that work began on only 1,600 new affordable homes in the first half of the year.
According to Evening Standard, the data from the Greater London Authority (GLA) shows that the lockdown and other measures taken to restrict the spread of the coronavirus have had a devastating impact on Sadiq Khan’s original ambition to fund 116,000 “genuinely affordable” flats and houses by 2022.
Currently, the Mayor has received almost £5 billion in central Government grants but has been given an extra year to hit the target.
Meanwhile, to date, just 53,405 affordable homes have got under way since his election in May 2016.
On figures, from April to September, the latest figures show that work started on 1,634 homes subsidised by City Hall in the six month.
On the completed number, even fewer, just 1,201, were actually completed.