Approvals for new homes in London drop

August 2011: The Home Builders Federation have just issued an update on the number of residential planning permissions granted across the country. It’s not pretty. The HBF comment “These new figures paint a bleak picture. We already have an acute housing crisis that is affecting the quality of life of families, young and old, across the country and the economy. Today’s extremely low levels of permissions will only make things worse in the short term.”
The numbers are dismal everywhere, but London looks particularly bad when compared to previous quarters. Close to 20,000 units secured planning approval in Q1 2006 in London: the latest figures for Q1 2011 show that only 2,692 were approved – the lowest level recorded in the research for London over the past five years.

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