Johnson has outlined a target of building 42,000 new homes a year in a bid to meet the demands of London’s growing population.
For example, the South London area of South Bermondsey will have 2,400 new homes under new plans drawn up around Millwall Football Club’s New Den stadium.
“As London’s population continues to boom, already at its highest since records began and with more growth predicted, housing is a huge challenge,” said Johnson.
“We need to double housebuilding and provide a million more homes by 2025.
“These innovative new Housing Zones, the first of their kind in the UK, will trigger regeneration and turbo boost the transformation of the capital’s brownfield sites, creating tens of thousands of new homes for hard working Londoners in first class new neighbourhoods.”
In total across the capital, the nine housing zones already announced will unlock the redevelopment of 1,897.42 hectares of brownfield land – the equivalent of 2,656 football pitches.
Lucy Haynes, director, CBI London, said: “The announcement of nine new housing zones is a step in the right direction to tackling London’s endemic housing problem.
“The lack of affordable housing to rent and buy is a real headache for the capital and its businesses, many of whose employees are finding themselves increasingly priced out of the city.
“Policymakers of all shades must take bold action to ramp up the supply of new homes.
“Without it, there is a risk that London’s attractiveness as a place to invest and do business could be undermined.”
The first nine housing zones in London are:
- Abbey Wood and South Thamesmead
- Abbey Wood, Plumstead and Thamesmead
- Barking Town Centre
- Clapham Junction to Battersea Riverside
- Heart of Harrow
- Hounslow Town Centre
- New Bermondsey
A further six London housing zones are set to be announced in the coming weeks with the final five to be finalised by the summer.
Improving housing infrastructure in London is good news for those seeking to get on the first rung of the property ladder, whilst improving the quality of house-building for residents in the capital.
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