*We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies.

skip to main content

Corporate blog

WHAT CONTRIBUTION CAN THE PRIVATE SECTOR MAKE TO DELIVERING THE NEW HOMES LONDON NEEDS? - BY MICHAEL HILL

Share this page

02/06/2015

 

In my last blog (on 13.05.15) I suggested that a much greater percentage of London’s future housing supply would need to come from the redevelopment of public sector assets as opposed to the one-off development of brownfield sites. I also said that in the interests of fairness I would consider whether the private sector was doing its 'fair share.’

What contribution can the private sector make to delivering the new homes London needs? - by Michael Hill

I think it’s pretty self-evident that in the non-residential sectors market forces drive redevelopment and, in most cases, intensification.

The difficulty is in the private residential sector where the fragmentation of ownership, whether in a low rise block of flats or a Victorian street, is such that it is well-nigh impossible to assemble large sites for redevelopment, even if it stacks up financially. I can assure you we've tried-and in one case succeeded in assembling a site from 25 different ownerships that will generate 425 new homes. But it’s not an exercise we'd readily repeat as it just takes too long to assemble the land.

Housebuilders have of course been working in the suburbs for many years on individual plots, replacing detached houses with apartment blocks, but the scope of this is limited by the willingness of individual owners to sell and the constraints on permissible densities. And, its application also tends to be limited to those suburbs with large, detached houses.

So it really does look as if our main contribution will come from maximising densities on schemes developed in partnership with the public sector.

The Home Builders Federation's paper, Solving England’s Housing Supply Crises provides an in-depth overview and analysis, and can be found here.

Some description

Michael Hill,
New Business Director,
Partnerships

 


Share this page

About this blog

Here you’ll find property related blog articles from the team at Countryside as well as independent experts. Expect regular tips and advice on topics such as buying a new home, interior and landscape design, setting up home, mortgages and finance, plus articles on architecture, the property market, regeneration and more.

News subscription

Select the alerts that you would like to receive


Your contact details

First name:*
Last name:*
Email address:*

* denotes required fields

You can change your preferences or unsubscribe at any time.