JLL Residential responds to Sadiq Khan becoming new Mayor of London
Sadiq Khan has said he will introduce a 50 per cent affordable housing target for new developments, and to use mayoral planning powers to stop 'buy-to-leave'. He has also vowed to stop homes being sold off in advance to foreign investors. In reality, however, there is little evidence of 'buy to leave' actually happening, and restricting demand is a quick way to compromise the viability and deliverability of new developments.