Housing market

Meeting: 
MQT on 2016-05-25
Session date: 
May 25, 2016
Reference: 
2016/1655
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What planning measures do you intend to introduce to control 'buy to leave', and what will be the impact on new housing investment and on London's economy?

Answer

Answer for Housing market

Answer for Housing market

Answered By: 
The Mayor

I am considering a range of potential planning and other measures to ensure new build units are occupied once completed and not purchased solely as investment vehicles and left empty. This should not deter investment in housing and would have positive impacts on London's economy by ensuring new homes are available for occupation.