At the annual MIPIM property conference in Cannes, France, the Mayor said he wants developers and investors to help him double house building and to fund major regeneration projects around the capital.He is also writing to key developers across the UK, asking them to sign up to commit to selling new homes on every development to Londoners before, or at the same time as they are available to overseas buyers. This will help ease the unprecedented demand for housing in the capital and help Londoners into home ownership.
‘New housing developments are a vital part of the infrastructure of a living and dynamic city. London is a global city and therefore will inevitably have an international element to its market. I do not in any way want to deter international investment, you can see astonishing transformation in London thanks to international investment, and I recognize the important economic contributions migrants make to our city,’ Johnson said.
‘You will understand however, I want Londoners to be able to live near where they work and to raise their families in our boroughs. Doubling house building must be of benefit to everyone in our city who contributes to our economy,’ he added.
Real Estate Advisory
London Mayor Ask Developers To Pledge To Sell New Homes To Londoners First
13th March 2014
