A construction site at Nine Elms. Developers are starting fewer projects, saying it is hard to make a profit on newbuilds
(Picture: Justin Tallis/AFP/Getty Images)The number of new homes being built in the capital has gone into a deep decline, according to figures from the Greater London Authority.
Just as London bursts at the seams – with almost 300,000 households stuck on council housing waiting lists and rents reaching record highs – the supply of new homes is shrinking rapidly.
