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"Thousands of new homes are being built in the capital at prices well beyond the reach of most Londoners, a report has revealed.
"... Overall, more than 20,000 prime homes could be delivered in London over the next decade. The combined sale value could exceed £50billion, with the potential peak of development activity predicted to be in 2017.
"... Darren Johnson, Green Party Member of the London Assembly, said:
"Building 20,000 luxury homes isn’t supplying the sort of homes Londoners need. it's a waste of scarce land, and is driving up prices elsewhere."
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