Mayor Boris Johnson reveals nine new London housing zones

Londoners will have a chance to snap up a home in one of nine new housing zones being targeted with £260 million investment by Mayor Boris Johnson.
Mayor Boris Johnson has revealed nine new designated housing zones in London, where 28,000 new homes are to be built for Londoners, with almost a third of them at affordable prices.

Brownfield land equivalent in size to 2,656 football pitches is being unlocked for redevelopment as the new housing zones, which include Clapham Junction to Battersea Riverside, Abbey Wood, and Tottenham, are set to receive £260 million investment.

REVEALED: THE PLANS FOR LONDON'S NINE HOUSING ZONES AND CURRENT HOUSE PRICES

*House prices provided by Zoopla.

House prices in the designated areas rose by an average of 7.9 per cent in the last year, with Tottenham seeing the biggest growth of almost 12 per cent.

Lawrence Hall of property website Zoopla says: “The infrastructure improvements intended for the areas unveiled in the Mayor’s housing zones could well lead to future house price rises, but it is impossible to predict what is organic growth and what is directly attributable to the regeneration plans. Either way, it is encouraging to see that plans are afoot to address the capital’s housing supply shortage.” 

Councils are promising to help accelerate the creation of new homes by pushing through building applications within 16 weeks. They have also have laid out plans to invest in infrastructure by upgrading stations and roads, as well as creating new lesiure facilities and commercial developments. 

London Mayor Boris Johnson, said: "As London's population continues to boom, already at its highest since records began and with more growth predicted, housing is a huge challenge. 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."

A total of 20 housing zones are expected to be announced this year, with the aim of creating 50,000 new homes, throughout the capital.

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