00:00Mayor of London and ministers must intervene to stop the collapse of build-to-rent properties in the capital,
00:06business groups say, as construction numbers have fallen sharply this year.
00:11Latest analysis shows build-to-rent homes under construction have dropped by almost a third,
00:16falling from over 17,000 units last year to about 12,000 this year.
00:22Business groups have urged City Hall to extend emergency house-building grants to build-to-rent developers
00:28and to pause the building safety levy starting in October.
00:33Officials note the building safety levy will raise funds for safe homes
00:37and City Hall says faster approvals, alongside addressing BTR market stalls, aim to hit house-building targets.
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