Wednesday, Jun 12, 2013

All publicity no policy...

AboutProperty: Boris Johnson: Is he all talk on housing?

Boris Johnson's ambitious plans to build 400,000 new homes in London over the next decade are unlikely to be realised, according to data from Knight Frank.
Speaking yesterday in his Vision 2020 report, the Conservative mayor of London acknowledged the problem facing London's house hunters and pledged to get developers building.
However recent studies suggest that at the current rate just 277,240 new units will actually be delivered in the capital over the next decade, leaving the mayor well shy of his target.

Posted by phil @ 01:10 PM (2074 views)
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11 Comments

1. alan said...

"Is he all talk on housing"? Maybe we should ask PRISM. Check his email!

One thing is for sure Goldman will know what the plans are before we do. Most of the PRISM stuff is about economics and corporate business - there is as much chance of anyone getting killed in the UK by a terrorist this week as there is of getting hit on the head with a coconut!. Someone has to profit - why not the US banks? Osborne hopes house prices will rise soon - it will look good for the election (while the public get ripped off as they dismantle the NHS).

It's not a recession, it's a robbery!

Meanwhile Boris waffles on like Mr Blobby with Alzheimers. It's all an act - call for Simon Cowell, he's the man the people really want :(

aaaaGGHH

Wednesday, June 12, 2013 05:33PM Report Comment
 

2. hpwatcher said...

All talk.

Wednesday, June 12, 2013 06:45PM Report Comment
 

3. britishblue said...

Had a very interesting chat with an urban design consultant yesterday who works on some of Londons largest residential dwellings. He says contrary to perception there are actual huge swathes of land that has planning for housing in London and cited areas like Earls Court. He said that what is happening is that a developer buys a piece of land, they get planning for say 200 flats. The paper value of their investment goes up millions of pounds. They then cash in on the revalued land and sell to another developer. This investment sits on the developers balance sheet, they employ a whole series of consultants again and resubmit and try and get development for 250 flats rather than 200. he said that some pieces fo land change hand several times whilst no development takes place. So a little like banking, thyese guys make paper millions without laying a brick..

Wednesday, June 12, 2013 06:56PM Report Comment
 

4. khards said...

That would be easily fixed with non-renewable planning permission and non-transferable planning. Stopping planning extensions would help to stop land banking.

Wednesday, June 12, 2013 09:34PM Report Comment
 

5. i remember the 90`s said...

This is where I would agree with LVT .

Thursday, June 13, 2013 07:59AM Report Comment
 

6. Shebiii said...

Boris mentioned yesterday evening on LBC that there are 21 brownfield sites in London where they could build a lot of homes. Wonder where these sites are?

Thursday, June 13, 2013 09:54AM Report Comment
 

7. mark wadsworth said...

I will not bother listing everything wrong with BoJo, it would be a long list, but if you compare his various utterances with those of the generic Home-Owner-Ist politician, he is relatively Georgist, i.e.

a) he is keen on new construction, has little truck with NIMBYs and pro rata, more homes (in fact more of everything) is being built in London than anywhere else)

b) he has often muttered about the GLA retaining all land related taxes for itself (Bus Rates, SDLT as well as council tax) and for London to be able to decide its own land tax system (which inevitably tend towards LVT.

So he's not a saint or anything, but he's still streets ahead of the competition by comparison (who are all hard core Homeys, apart from Jenny Jones, bless her).

Thursday, June 13, 2013 10:51AM Report Comment
 

8. jack c said...

The public won't hear much more from Boris once Sam Cam announces around election time "house prices would drop under Boris" !

Thursday, June 13, 2013 11:18AM Report Comment
 

9. Gonzilla said...

The problem Boris and every UK politician has is that they are attempting to bash a square peg into a round hole.

They are elected to serve us the electorate. We demand growth, jobs, housing, security and public services.

Since as a nation we are attempting to sustain the unsustainable the only way UK politicians can pay for it all is by getting into bed with banksters and the paper housing developers.

Round and round we go. Banksters and Property Developers are making huge paper profits which they send offshore at the first opportunity in preparation for the moment when the music stops and we ALL GO BUST.

The truth of the matter is that it is our national sense of entitlement will finish us in the end.

Thursday, June 13, 2013 11:52AM Report Comment
 

10. stillthinking said...

(He won't but) Should he commit public funds to housing construction in London at the same time that house prices are falling outside of London?

No of course no.

Friday, June 14, 2013 05:25AM Report Comment
 

11. This comment has been removed as it was found to be in breach of our Blog Policies.

 

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