New figures reveal more than 54,000 homes were built over the four-year period, exceeding the Mayor’s pledge to Londoners during his first term in office.

Figures from the Homes and Communities Agency show that in the past year more than 16,000 homes were delivered in London, which saw the Mayor beat his target by more than 4,000 homes.

London accounted for nearly a third of total 2011-12 completions

Across England, the Agency exceeded its key outputs for last year, achieving a total of 59,451 housing completions in England against a target of 35,000, and 19,967 housing starts on site, in the financial year ending 31 March 2012.

Chief executive of the HCA, Pat Ritchie, commenting on the figures, said: “This is a good result and we are where we expected to be in our delivery programme.

“Our teams have worked hard and we will continue to look at more innovative ways of working with and supporting our delivery partners, most significantly through our Affordable Homes Programme as it gathers momentum.

“We will be reviewing and monitoring delivery for the coming year of the Programme, to ensure that our funding offers the best value for public money and helps meet government aspirations of delivering up to 170,000 new homes by 2015.”