House builders

Meeting: 
MQT on 2014-07-23
Session date: 
July 23, 2014
Reference: 
2014/2783
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Do you believe the 'market' among house builders in London is functioning in the way that a competitive market should? If not, what reforms do you believe are necessary to ensuring that the market functions in a way that adequately meets the housing needs of Londoners?

Answer

Answer for House builders

Answer for House builders

Answered By: 
The Mayor

The market for house builders is competitive, but I would like to see a wider range of organisations building housing and a greater supply of developable sites coming forward. My draft London Housing Strategy sets out a number of measures to achieve this, including the creation of the London Housing Bank and 20 Housing Zones; encouraging new entrants into the market for custom build and self-build; supporting the UK's first community land trusts; regenerating existing estates; creating twenty-first century garden suburbs; densifying housing supply in town centres and around transport hubs; and using GLA and other public sector landholdings and the London Development Panel to accelerate housing delivery.