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Posted on: 12 November 2013
By: mackene
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Filed under: News
London needs 50,000 new homes a year, the equivalent of 18 new Olympic Villages and roughly double the current building rate, to address its growing housing crisis, according to international real estate adviser, Savills, in a new report. The report argues that homes are needed across all tenures. Over a third (31%) of the requirement is for affordable homes (including anything not at market price), 27 per cent for market sale, but the biggest requirement (41%) is for homes available to rent.
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