Musical chairs housing in London

23 November 2016

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EY’s Caroline Artis, EY Managing Partner for London, said:

“Whilst the residents  who currently find housing unaffordable will have cheered the announcement of  £3.15bn towards 90,000 new affordable homes in London, they may also have noticed the announcement of a  large-scale regional pilot of Right to Buy for Housing Association tenants which could remove an equal number of affordable properties from the available housing stock if any part of the pilot takes place in London

“Affordable housing is the single biggest business issue for London and Sadiq Khan’s number one priority. City hall will want to make sure that all these measures create a larger pool of affordable housing , and not just a replacement for those which will be sold off.”