Report by property consultant Cluttons says employment growth is expected to outstrip housing supply in London

London skyline

A lack of housebuilding in London will hold back jobs growth in the city, an independent report published by property consultant Cluttons says.

Employment growth is expected to outstrip the supply of housing for workers over the next decade, the report finds.

Since 2000, an extra 400,000 jobs have been created in London across a broad range of sectors and there are now more people employed in the capital than at the 2007 economic peak.

Housebuilding is still only at three-quarters of the level it was between 2000 and 2007.

The report also finds that London has the highest concentration of renters in the UK and the number private renting in the capital has doubled in the last 20 years.