How to fix a housing crisis: building alone won’t help affordability in London

In a slow growth environment, in which wage growth will also dawdle, and interest rates remain sticky, affordability for both buying a home, renting one and servicing a mortgage will stay stretched. In fact, after April 1 they will worsen as the stamp duty thresholds lower for first-time buyers. Therefore, developers will not be confident that they will easily sell the homes they are expected to build.