Exclusive: Mayor says developers should stop focusing on luxury penthouses and insists 65% of new homes in the capital should be affordable

The mayor of London has accused property developers of constructing “too many luxury penthouses that only the very wealthiest investors can afford” and insisted the rate of affordable house building has to significantly increase.

In a new assessment of housing need, Sadiq Khan said the pace of construction should increase from 29,000 homes a year to 66,000, insisting that 65% of these homes needed to be affordable, far higher than the current rate of 38%.

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