London needs 50,000 new homes a year

2nd October 2015

Writing in the Telegraph, Richmond Park MP and Conservative candidate for Mayor in 2016 Zac Goldsmith says London faces a 1.5m increase in its population by 2030 and a change in housing policy is needed if that figure is to be viable. He says there are 3,500 housing estates approaching the end of their lives in the city which are ripe for redevelopment into low-rise, high-density streetscapes. He also reveals that a land commission for the capital is set to identify all of the brownfield land in public ownership to uncover developable sites as the city needs to create 50,000 new homes a year. Mr Goldsmith calls for a pan-London investment fund that would directly finance a new generation of homes for investors seeking long-term, low-risk, medium-return investments.

The Daily Telegraph (29/10/2015)