'Time is right for London housing boom'

Melanie Leech, chief executive of the British Property Federation, says London needs a "housing boom" on a scale similar to the late 19th century and post-war periods. The supply gap has led to high rents and low home ownership in London, and changes to the planning system and more resources are needed to deliver new homes and critical infrastructure. Leech says accessing capital is crucial for building more homes, including build-to-rent properties, housing for older people, student housing, and affordable and social housing. With the right policy and planning framework, the British Property Federation predicts that annual build-to-rent output can be doubled to 30,000 homes across the UK. Investing in purpose-built student accommodation is also essential to alleviate pressure on the rental market. Partnerships between the not-for-profit and for-profit sectors can unlock billions of pounds for social housing, adds Leech. 

City AM (24/06/2024)