(LCCI) London Mayoral Election 2016

The agenda from London Chamber of Commerce and Industry (LCCI) identifies new ways in which it believes the new mayor can tackle London’s housing crisis.

London’s chronic housing undersupply impacts on employees and employers. Liberating more land and empowering more builders is required.

To fix the housing crisis the new Mayor or London should:

1. Review the status of poor quality land within the greenbelt, work with local authorities to reclassify derelict commercial space for mixed residential use and support increased housing density around local transport hubs

2. Target smaller sites identified by the London Land Commission, cut planning red-tape and establish a Small Developers Panel

3. Work with local authorities to ensure sufficient numbers of homes to rent are included within new developments

4. Become ‘Owner – Landlord’ of housing stock for ‘blue light’ essential workers such as Police, Firefighters and Paramedics

London Chamber of Commerce and Industry (LCCI) members range from small and medium enterprises through to multi-national companies. LCCI surveys of business leaders and focused research will provide the new Mayor with insights into what the capital needs to remain an attractive, productive and competitive global city.

Read the full report 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

Estate Agent Talk

Unmodernised property opportunities dwindle

Jonathan Samuels, CEO of Octane Capital, believes that the shrinking supply of unmodernised property stock is making specialist refurbishment finance more important than ever, as investors increasingly need to move quickly in order to secure the remaining opportunities available. Octane Capital analysed current listings of unmodernised properties across England and compared current stock levels to…
Read More
Letting Agent Talk

London Marathon route showcases London rental market

Rents range from £1,500 to £6,000 per month The latest research from London lettings and estate agent, Benham and Reeves, has found that the London Marathon route offers a striking snapshot of the capital’s rental market, with average rents ranging from just £1,500 per month at some points of the course, to as much as…
Read More
Breaking News

Section 21s continue to rise ahead of looming ban

The latest research industry insight from LegalforLandlords Section 21 “no-fault” evictions continued to rise in 2025, increasing by 1.7% following a sharp 20.4% surge the previous year. This sustained growth highlights landlords’ continued reliance on Section 21 notices, raising important questions about how possession will be regained once they are outlawed under the Renters’ Rights Act,…
Read More
Estate Agent Talk

Rightmove house price data showing a 0.8% month on month increase

Commenting on the latest Rightmove house price data showing a 0.8% month on month increase, Daniel Austin, CEO and co-founder at ASK Partners, said: “Today’s rise in UK house prices points to underlying resilience, but momentum remains constrained by affordability pressures and a ‘higher for longer’ interest rate environment. While recent rate cuts signal easing…
Read More
Breaking News

Canary Wharf tops the London Marathon route

The latest insight from property management specialist Rushbrook & Rathbone has found that E14 is the strongest postcode along the London Marathon route for landlords looking to invest in the capital’s rental market, delivering an estimated average yield of 6.6%. Rushbrook & Rathbone analysed current asking house prices and rents across postcode districts spanning the London…
Read More
Breaking News

46% surge in remortgaging activity in Q1

Stonebridge Mortgage Market Index    Overall mortgage activity rose 24.6% in Q1 while applications for home purchase softened Stonebridge today relaunches its Mortgage Market Briefing as a quarterly Mortgage Market Index   The volume of remortgage applications surged 46% in Q1 prompting overall mortgage activity to jump by a quarter, Stonebridge can reveal. The mortgage…
Read More