Housing is Londoners biggest concern

October 25, 2016

The Mayor of London, Sadiq Khan, yesterday outlined his plans to create a better city for all Londoners, where no community is left behind and where everyone has the opportunities they need to fulfil their potential.

Published yesterday the press release headlines , The Mayor plans to create ‘A City for all Londoners’, the  document is the first step towards the creation of a new ‘London Plan’ – the document which sets the rules for how London develops.

The report states: Londoners regularly raise housing as their biggest concern– with only eight per cent of Londoners satisfied with housing in the city. A shortage of truly affordable homes is acting as a drag on the attractiveness of London as a place to live and work. That is why the Mayor has made housing such a priority and is working to deliver more, better, genuinely affordable homes for the Londoners who need them.

Housing is highlighted in the document: The Mayor is clear that building enough new homes and catering to the needs of all Londoners, including the most vulnerable, is extremely challenging and will be a marathon rather than a sprint. He is:

Working towards a London-wide target for 50 per cent of new homes built in London to be affordable. This is planned to be achieved through his new London Plan and by working closely with boroughs, housing associations and the development industry, through the new Homes for Londoners Board.

Building new homes both for sale and for rent, including a range of different sorts of affordable housing. Delivering more shared ownership properties and renting options to help middle earners.

Launching a new No Nights Sleeping Rough Taskforce, in partnership with boroughs, charities and other key players – aiming to help people who are sleeping rough and, crucially, to prevent people ending up on the street in the first place.

Read the press release ‘A City for all Londoners’ in full click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Beach hut values fall for second consecutive year

The latest research from Yopa has found that beach hut prices have fallen for the second consecutive year across the UK’s most sought-after coastal locations, as the extraordinary growth seen in the years immediately following the pandemic continues to unwind. Yopa analysed the average asking price of beach huts across eight of the UK’s most…
Read More →
Breaking News

Burnham’s property and land tax: what would it mean for property owners?

With reports suggesting that property and land taxes could be on the cards under Burnham,  Simon Gerrard, Chairman of Martyn Gerrard Estate Agents, comments on what these proposals could mean for homeowners, particularly those in London who are likely to bear the brunt of any changes, given the capital’s significantly higher property values.   On uncertainty:…
Read More →
Property for sale
Breaking News

Homebuyers can save up to 47% by looking next door to the UK’s priciest postcodes

New research reveals how much less buyers could pay in postcodes neighbouring the UK’s most expensive locations Homes in these neighbouring areas are 28% cheaper on average, with the biggest gap reaching 47% in the North East Significant savings also seen in London, Scotland, Wales and Northern Ireland   Homebuyers could save up to 47%…
Read More →
Finance

Your First-Time Buyer Mortgage Journey

Introduction Buying your first home is one of the biggest financial decisions you’ll ever make, and the mortgage process can feel like a maze of unfamiliar terms, forms and waiting. The good news is that mortgages for first-time buyers follow broadly the same path, and once you understand the stages involved, the process becomes far…
Read More →
Breaking News

London property values set to fall

The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau…
Read More →
Breaking News

London property values set to fall

The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau analysed…
Read More →