Almost one tower a week was started in London in 2016 and the number of completions reached a record 26, according to the latest New London Architecture Tall Buildings Report.
The report, using EG London Residential Research data on buildings with 20 or more storeys, showed that the number of towers started in London rose by 68% to 48 last year, up from 29 the year before. However, the number of applications submitted was down by 30% to 83 after a historic high of 119 in 2015.
That record number two years ago came as a result of one application for 40 tall buildings in the Greenwich Peninsula, SE10. Excluding that, application rates have been steady since 2013.
Click on the map below to see location and number of towers
The pipeline
The total pipeline has risen from 436 to 455 towers in 2016, with 24 of London’s 33 boroughs represented. Tower Hamlets has continued to be the most active borough with 60 tall buildings completed since the report started in 2014.
NLA said it expects tall buildings in areas of Bexley, Enfield, Hillingdon, Kensington & Chelsea, Merton and Waltham Forest in the coming years because of their location and the potential for development because of local or national policy.
With 92% of the pipeline dedicated to residential space, about 100,000 new homes are estimated to come out of upcoming towers. That represents two years’ supply for London’s housing needs, according to the London Plan which requires 49,000 new homes per year.
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