London’s property future
- 20th September 2007
- Buying Property News
Ken Livingston, Mayor of London, has outlined his vision for the future of London’s housing market.
In the draft Housing Strategy published this week, the challenges which face London’s housing market are tackled, including how to provide the necessary investment to support it. This strategy will be included in the overall Mayor’s London plan which will form part of the new housing and planning powers that are to be granted to the Mayor by Parliament. London’s affordable housing budget is worth in the region of £1bn a year.
The key aims are: providing affordable homes for first time buyers and families, assisting low to middle income earners to purchase homes, building homes that compile with environmental standards and increasing the choice of housing.
Ken Livingston believes that: “This strategy is a blueprint for tackling London’s unique housing challenges. We will build more affordable homes because that is what London is crying out for, which is why there will be no rowing back from the fifty per cent affordable housing target across London. Any attempt to water down the fifty per cent affordable housing target would make it harder to get the new homes we need.
This strategy is a blueprint for tackling London’s unique housing challenges.
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