London Mayor
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Land & New Homes
‘Failing’ London Mayor to miss home building target
Sadiq Khan oversaw only 347 new build starts between April and June despite having a target of thousands to achieve.
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Latest property news
Newsflash: Sadiq Khan to bring in longer tenancy agreements for Londoners
Mayor of London Sadiq Khan is to tackle London’s housing crisis with a ‘new deal’ for renters including longer tenancies called the ‘London Model of renting’, it has been announced. The initiative, which will be part of the Mayor’s new Housing Strategy, will see tenants and landlords brought together to create the new concep. This is likely to include longer tenancies to create a more “stable, family-friendly sector” and see an end to six and 12-month Assured Shorthold Tenancy agreements that currently dominate the sector. A statement released today says that: “the Mayor wants a better deal for the increasing numbers of Londoners who live in the private rented sector, with the aim of creating a modern, fit-for-purpose and high quality housing option for the millions of Londoners who rent…where the legitimate rights of landlords are protected too”. Tenancy agreements Figures quoted by Khan’s office reveal that a quarter of all Londoners live in the private rented sector, and increase of 200% since 2004, and that the current legal framework for tenancies were introduced almost 30 years ago. Khan says that with a standard tenancy length of just six to 12 months, renters face high rents and little guarantee of…
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Latest property news
London Mayor must build homes
London business leaders have demanded that the next Mayor of London must commit to developing at least 50,000 new homes a year to help meet growing demand for housing.
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Land & New Homes
London Mayor’s Housing policy
Sadiq Khan, the new London Mayor, says that his biggest priority is to build thousands more homes every year. “Our capital needs more than 50,000 new homes a year – yet Boris Johnson built barely half that number.” He also vows to create a living rent and improve the private rented sector in the Capital. This sounds good, most property professionals would agree… but is it possible? Miles Gibson, Head of UK Research, CBRE UK said, There are key areas, specifically housing planning, investment in infrastructure and ensuring London’s placemaking continues to be world class, which must be capitalised upon if it is to prove a successful term in office. “To date there has been little detail on how the new Mayor’s manifesto will be funded, in particular the infrastructure investment and proposed surface transport improvements. It’s the detail behind these numbers which is most eagerly anticipated by the property industry.” Adam Challis, Head of JLL Residential Research, said, “Sadiq Khan has said he will introduce a 50 per cent affordable housing target for new developments, and use mayoral planning powers to stop ‘buy-to-leave.’ He also vowed to stop homes being sold off in advance to foreign investors. In reality,…
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