Is owning a home in London an impossible dream?

01 December 2014

This meeting took place on 2 December 2014. Read the transcript here.

An increasing number of Londoners are finding themselves priced out of owning their own home. By the mid-2020s the proportion of people renting privately in the capital, is expected to equal the number of those who own.[1] What is being done to increase affordable home ownership in London? What are the pros and cons of shared ownership as an alternative for Londoners? How affordable is shared ownership in light of rising house prices and are there other options? The Housing Committee will tomorrow question guests on the current state of affordable home ownership and the challenges London faces to increase numbers. The following guests will be questioned:

Sheron Carter, Chief Executive, Gateway Housing Association

Anna Clarke, Senior Research Associate, Cambridge Centre for Housing and Planning Research

Vidhya Alakeson, Deputy Chief Executive, Resolution Foundation

Neil Stubbs, Head of Housing, LB Hillingdon

The meeting will take place on Tuesday 2 December from 10.00am in Committee Room 5 at City Hall (The Queen’s Walk, London SE1 2AA). Media and members of the public are invited to attend. The meeting can also be viewed via webcast. Notes for editors:

Homes for London: The London Housing Strategy, Mayor of London, p.10.

Read the agenda papers.

Darren Johnson AM, Chair of the Housing Committee is available for interview – see contact details below.

As well as investigating issues that matter to Londoners, the London Assembly acts as a check and balance on the Mayor.

For more details, please contact Lisa Lam in the Assembly Media Office on 020 7983 4067. For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit, on 020 7983 4100.