Boris Johnson calls for more London homes after population expected to rise to 10 million

Nov 29, 2013 in Uncategorised

Mayor of London, Boris Johnson, has said that double the amount of homes need to be built as the population of London is expected to rise from 8.3 million today to 10 million by 2031.

According to ft.com, Mr Johnson has launched a £1 billion funding scheme to encourage developers to build more houses. The funding is enough to support the build of 45,000 low cost homes between 2015 and 2018.

Currently, there are 3.27 million homes in London but Mr Johnson said that over the last 30 years, the capital has only constructed around half of the number of houses needed. He aims to oversee the construction of 42,000 new homes a year for the next 20 years – providing an extra 840,000 homes.

Mr Johnson added that there was currently a housing crisis and that things needed to change.

“There are many young people with decent jobs, including some working at City Hall, without a hope of getting on to the housing ladder,” he explained. “Our goal is to rediscover the energy and drive that built so many homes in the 1930s,” reports building.co.uk.

He also wishes to create ten different housing zones, similar to the enterprise zones implemented by Margaret Thatcher, which focused on regenerating declining areas.