Published: 27th Jul 2018

Only one-fifth of London households now live in social homes, according to a new report. The 2018 Housing in London report shows how the Right to Buy scheme has seen more than 300,000 homes sold by councils in London since it was introduced in 1980, with just one in five having been replaced. As a result, social housing has gone from being the capital’s largest housing tenure in the 1980s to the lowest in 2017, accounting for just 21% of London’s households. It has also meant the numbers of private rented households with children have more than doubled in a decade, from 140,000 in 2007 to 320,000 in 2017. The report also reveals that London’s overall home ownership rate has also fallen in recent decades, with stark differences for different age groups. In 1990, around half of London households headed by a 25-34 year old owned their own home, with around … (To read the full article, subscribe below)