London Development Sites
Property development opportunities in London
Essential news affecting the world of property
Highest Number of New Homes Built Since the 1930s but London needs more Affordable Homes
4 April 2017
According to a report by Savills the there are record number of houses being built in London since the 1930s with indicators suggesting 41,000 in 2016, but these do not meet the demand for homes costing less than £450 per sq ft. Savills estimate that 58% of the demand is for such homes, but only 15% of homes to be built in the next five years are forecast to be at this level. Savills
17 March 2017
Over the past two decades housing affordability has declined fastest in London according to the Office for National Statistics. Kensington and Chelsea was the least affordable local authority where house prices were 35.8 times annual earnings. In 1977 average homes in England and Wales were 3.6 times annual earnings but by 2016 the multiple was 7.6. Office for National Statistics.
MORECity of London Corporation and the Mayor of London Contribute £180m Towards the New Museum of London at West Smithfield
24 January 2017
The Museum of London confirms that it has raised £180 million towards its target of £250 million to create a new Museum of London at West Smithfield. The funding is provided by the City of London Corporation and the Mayor of London, and follows the appointment of architects Stanton William and Asia Khan. The proposal will conserve this historic site at West Smithfield which is located adjacent to the new transport hub at Farringdon. Museum of London
10 November 2016
The Chinese developer ABP is to invest £1.7bn to develop the Royal Albert Docks over the next eight years. The investment in the 35 acre site was originally announced in 2013 and is expected to crease 30,00 new jobs. The outline planning permission for a 4.7m sf ft development was approved by Newham Council in June 2015. ABP
MORE6 September 2016
A masterplan to provide 10,000 new homes, on a site that previously housed power stations and landfill in Barking, has been approved. The 180 hectare site on the north bank of the River Thames will have a target of 50% affordable homes. Mayor of London
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