London house prices 'need' to fall, housing minister says
London Property Digest, by Longrad
February 3, 20265m 38s
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Show Notes
Buckle up, Londoners—the housing minister just dropped a bombshell, saying prices 'probably need' to fall to boost supply and affordability in a market strangled by high land costs and stalled builds. With Labour eyeing 1.5 million new homes and tweaks to planning under Sadiq Khan, this could force developers to offload pricey plots and ramp up volume. Everyday families might finally catch a break, but speculators sitting on land? Time to adjust those expectations.