New figures reveal Wandsworth's housing boom (From Wandsworth Guardian)

New figures reveal Wandsworth's housing boom

7:00am Sunday 21st October 2012 in News

Wandsworth is experiencing a house building boom with high levels of private-sector investment and a big increase in the number of new affordable, according to new figures from Wandsworth Council.

Last year saw a 103 per cent increase in the number of completed homes and a 41 per cent rise in the number of start-up projects, compared to 2010.

In total 979 dwellings were finished in the 12-month period ending March 2012 with work starting on another 2,160 - the highest level for a decade.

Of these homes built in Wandsworth last year 27 per cent were affordable.

Planning permission was also granted for the construction of another 10,498 homes, bringing the total number in the development pipeline to 17,556.

Over the next three years there could be as many as 3,118 new affordable units built in Wandsworth.

By the end of the current financial year, it is anticipated that work will have begun on 455 of these homes and 349 will be ready for people to move into.

The housing figures were released by the council last week.