Figures published by Wandsworth Council show 1,080 new homes were completed during 2008, only 20 less than in 2007 when the housing market was at its peak.
Council planning spokesman, Cllr Guy Senior, says developers are continuing to display confidence in the borough as a long term choice for people to set up home: “Investors realise that Wandsworth is a great place to live and demand for good quality housing will soon return. Properties here come with the country’s lowest council tax, the lowest crime rate in inner London, excellent transport links and plenty of green open spaces.”
Senior said the go-ahead for the East London Line extension, which will provide a direct service to the Docklands and the City from Clapham Junction, “makes the borough even more attractive to a whole new market of city commuters.”
“The credit crunch is throwing up huge problems – but for those with access to mortgage finance, buying in Wandsworth will always make sense.”