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Plans for 400,000 London homes unveiled  

Adam Williams
Written By:
Adam Williams
Posted:
Updated:
09/03/2017

Chancellor George Osborne has set out plans to build more than 400,000 homes in London during the next decade.

A number of new housing investments were announced by Osborne and Mayor of London Boris Johnson at a development in Edgware.

A London Land Commission has been set up to identify potential public sector brownfield sites which can be disposed of and used to build houses. It aims to have all suitable brownfield sites available for development.

Nine ‘housing zones’ have been established across the capital which will have further funding to create affordable housing. However, this is only expected to generate 10,000 affordable properties across the boroughs of Greenwich, Bexley, Barking and Dagenham, Wandsworth, Harrow, Hounslow, Lewisham, Ealing and Haringey.

“This month London has surpassed the peak population reached over 70 years ago,” George Osborne said.

“For many years in between it declined in size as people left the city to look for better housing.

“It’s a reminder that there’s nothing inevitable about London growing – and that if we want to see the current growth continue, we have to solve London’s acute housing problem.”

Mayor of London Boris Johnson added: “We face massive demographic pressures in our city and it is absolutely vital that we build the high quality stock of housing we need to cope.

“We will not solve the problem without massively expanding the supply of housing and the plans confirmed today will help do that, which is fantastic for our city.”


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