GLAP’s Housing Slump in London | London News

London’s housing ambitions are hitting snags as GLAP, the city’s housing agency, falls far short of its 68,000-home target by 2041—delivering just 29,000 homes since 2016, with only 15,000 completed. With just 1,675 homes started last year, officials admit they’re struggling, comparing the market to an impossible video game level. Compounding the issue, GLAP’s $300 million loan repayment has been delayed for six years, with only its first payment made last year. Their cash flow is tied up in land sales and development partnerships, while forecasts now suggest they’ll meet future obligations—but critics say they’ve been too slow, especially as private developers surge ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/24a040e855637fbe