Green Assembly Member Darren Johnson criticises the Mayor over the dramatic price rise in London homes, highlighting the Mayor’s signing off of luxury apartments, whilst rejecting measures such as tax breaks for buy-to-let investors and controlling overseas investment.
Darren Johnson will be questioning the Mayor on house prices tomorrow, after new ONS figures showed that house prices in London rose by 19.1% in the year to July.
Official figures show that prices for new dwellings have risen by over 37%, up by over £100k.
Darren Johnson said:
“The Mayor has continued to maintain building more homes will help slow the rise in house prices. But he keeps signing off plans for yet more luxury apartments which rich investors snap up, fuelling even bigger rises in property prices. The Mayor is rejecting all the sensible measures to keep a lid on prices such as ending tax breaks for buy-to-let investors and controlling overseas investment. He has also failed to promote community land trusts, or support a tax on rising land values.”