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London mayor plans to build new homes

Wed 04 Nov 2009

Tens of thousands of new homes could be built in London as a result of under-used land being freed up.

Mayor of London Boris Johnson has called on authorities in the capital to carry out an audit of potential development sites across the city.

This, he stated, would enable about 30,000 new properties to be built in the London area.

Mr Johnson also said the strategy would allow the city to show Britain that a cut in public spending does not mean that new homes can no longer be built.

He called on delegates at this week's Housing Investment Summit to put forward affordable and innovative proposals on delivering new housing to people in the region.

Commenting on the move, Roger Fitton of Winckworth Sherwood said: "Both Housebuilders and Registered Social Landlords would welcome the opportunity to help open the market by the provision of land for development on terms that do not require up front payments for land interests."

Organisations including the London Fire and Emergency Planning Authority, Transport for London and the London Development Agency will be among those auditing land in the area to identify suitable locations for new homes.

The announcement coincides with the latest house price figures from Halifax, which showed that property values in the UK went up by 1.2 per cent last month.

This means that house prices are now 2.9 per cent higher than they were at the end of last year.


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