Meeting housing targets could cut London rents by £251 a month, report claims

Evening Standard · Kumail Jaffer · 2026-11-02 13:14 UTC

A think tank says delivering the Government's housebuilding ambitions would save London renters thousands of pounds

London renters could save £251 a month if the Government succeeds in hitting its housebuilding targets, according to new research.

A report by the Centre for British Progress (CBP) argues that building enough homes to meet national targets would significantly reduce housing costs across the capital, where residents currently spend more than 40 per cent of their pre-tax income on rent.

Labour has pledged to build 1.5 million homes across England between July 2024 and the next general election, including 88,000 homes a year in London. However, ministers have already admitted there is only a “slim chance” of reaching the target.

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