UK to Announce Emergency Measures to Boost London Housebuilding

UK to Announce Emergency Measures to Boost London Housebuilding

Government reveals new measures to ramp up housebuilding in London

The Government has brought in emergency measures to kickstart housebuilding in London, aiming to unlock tens of thousands of new homes.  The plans include a fast-tracked planning route for sites with at least 20% affordable housing, temporary levy relief for developers, and new powers for the Mayor of London to review and call-in housing schemes.  There is also £322m of initial funding for a City Hall Developer Investment Fund. The Mayor will be…

Ministers plan emergency measures as London newbuild market slumps

Housebuilding numbers in London have collapsed as developers abandon projects, new analysis reveals. Work on one in every six developments in the capital has halted as buyer demand falls, it has emerged. And the building that has stopped would have provided up to 5,400 homes, according to engineering firm Molior Consultancy, the Daily Telegraph reports. Meanwhile, total sales are expected to sink well below 10,000 this year. Emergency measures A…

Mixed sector reaction to ‘emergency’ package to boost London’s ...

Several sector figures say measures will boost market in the short-term, but doubts remain about impact on affordable housing delivery and effectiveness in tackling demand

Govt proposes emergency measures to boost housebuilding in London

The government has announced emergency measures to support housebuilding in London through a fast-tracked planning process. The post Govt proposes emergency measures to boost housebuilding in London appeared first on Mortgage Solutions.

Government unveils emergency measures to tackle housebuilding crisis in London

The government has announced new emergency measures to tackle the housebuilding crisis in London. The emergency measures, which are subject to