00:00London's City Hall Property Company says difficult housing market conditions are affecting plans
00:06to deliver thousands of new homes on its land.
00:09GLA Land and Property Limited has a target of 68,000 homes by 2041, but officials say
00:16progress has been slower than hoped.
00:18The company manages major sites, including brownfield developments across the capital.
00:24Officials told the London Assembly that rising costs and wider market pressures have made
00:29building harder.
00:30They say forecasts show loan repayments can still be met, while work continues to increase
00:36housing delivery.
00:37Assembly members say they want faster progress as London faces ongoing demand for more affordable
00:43homes.
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