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WHY WE NEED TO LOOK AT THE ENTIRE PUBLIC SECTOR ESTATE TO GENERATE NEW HOMES IN LONDON - BY MICHAEL HILL

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13/05/2015

 

Now that the General Election is over we can concentrate on the biggest single problem in London, i.e. the shortage of affordable housing. And, when a recent survey has calculated that a first time buyer now needs a salary of no less than £77,000 to buy a new home in London, it is clear that affordable needs to be very widely defined!

Why we need to look at the entire public sector estate to generate new homes in London - by Michael Hill

Lots of interesting work is in progress; for example, I’m writing this on a No. 24 bus on my way from a very interesting debate organised by the London Chamber of Commerce and Industry (LCCI) and the GLA is to set-up a London Land Commission to attempt to identify all public sector brownfield land that is no longer needed in London. Important though this will be I cannot help feeling it won't be anything like enough, not least because you can only go to the brownfield land well once.

What we need to do is to look at the entirety of the public sector estate and evaluate the potential for its redevelopment to generate, in an ongoing, dynamic way, a long-term programme that not only generates new homes across all tenures, but all the other facilities that will be needed by London's growing population.

And in case this sounds like I am putting all of the onus on the public sector my next blog will look at the contribution that the private sector can make.

Some description

Michael Hill,
New Business Director,
Partnerships


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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.

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