London

Sadiq Khan reveals controversial plans to build on small sites in London

The Mayor of London has put forward radical plans to build on small plots of land across the city and its suburbs to try and tackle the housing shortage.

Town halls are going to be given a target for how many new homes they must build on small sites across the capital each year as Mayor Sadiq Khan aims to create 25,000 homes on plots near existing residential and commercial properties.

Rules protecting local character would be removed under the plans, and developers could be given permission to build on vacant lots and gardens, as long as the amount of “green cover” remains the same – which would involve adding green roofs and planting trees in the streets.

Khan said: “With London’s population expected to increase by 70,000 every year, reaching 10.8 million in 2041, it’s vital we properly plan for growth with new affordable homes in every area.

“I am using all of the powers at my disposal in my first draft London Plan to tackle the housing crisis head-on, removing ineffective constraints on homebuilders so that we can make the most of precious land in the capital to build more homes in areas with the best transport links.”

Densely populated

The Mayor has said he will uphold protection for the Green Belt, but some critics have labelled it a land grab that will lead to overcrowded conditions in the city.

Planning expert Michael Edwards said: “I think it’s a mistake,” he said. “Developers (will) bid more and more for land in competition with each other and drive the price up because they know they can get the money back by building more densely.”

There are currently only around 10,000 new homes built on small plots each year, so the proposals would more than double this figure.

In terms of planning and construction, there will be stricter fire safety standards, as well as evacuation lifts, in response to the Grenfell tower disaster.

The plan will be subject to public consultation and scrutiny by an independent panel, the government and the London Assembly before it can be approved.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

緊貼市場趨勢

立即登記搶先獲得最新項目及獨家物業投資機會。

我們會定期發送電子通訊,介紹最適合您的全新發布項目及獨家優惠。 我們受到超過 30,000 名活躍買家的信任,不斷更新最新英國物業市場資訊。

  • 最新發展項目及獨家優惠
  • 樓市走勢專業分析
  • 物業市場成交數據
  • 項目建築進度定期更新
UK holiday let

最新最快英國樓市新聞。

追蹤我們最新樓市觀點,爲您提供前瞻性的建議和分析。

自 2005 年成立以來,我們是英國地產市場權威,提供前瞻性的建議和分析。我們的英國物業資訊獲得 Apple News 及 Google News 授權發佈。

  • 英國樓市趨勢
  • 按揭申請攻略
  • 業主放租須知
  • 物業指南及投資建議

請即聯絡

立即聯絡我們英國物業專家查詢更多:

 

+852 6699 9008

辦公時間 9am-6pm