In the past year, Greenwich built just 799 new homes, the lowest figure since 2013 and a stark contrast to pre-pandemic levels. Housing secretary Angela Rayner condemned the decline, citing 'years of inaction' that have adversely impacted home availability, while warning developers against leaving sites unfinished. Notably, 75% of new developments in Greenwich are affordable, with an increase in social rentals. Greenwich Council attributes the overall housing slowdown to economic factors but remains committed to addressing the housing crisis through substantial housing projects and innovative partnerships.
Despite the slowdown in overall homebuilding in Greenwich, affordable housing is rising, with three-quarters of new developments designated as affordable, marking an eight-year high.
Housing secretary Angela Rayner criticized years of inaction, warning that unfinished developments could lead to developers losing land to local authorities.
Greenwich Council claims the decrease in homebuilding is due to broader economic factors, emphasizing their commitment to tackling the housing crisis through various initiatives.
Greenwich has topped the charts for affordable homes for three consecutive years, focusing on delivering innovative regeneration projects and the largest council housing project in a generation.
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