The Mayor of London intends to double the number of new homes built over the next decade to nearly one million. Due to insufficient brownfield sites and high land costs, there is a proposal to develop on degraded greenbelt land, known as grey belt. This strategy aims to produce 80,000 homes annually while ensuring affordable housing. Additionally, the Mayor advocates for reducing the financial burden on homebuyers by shifting social housing costs to general taxation, addressing both the affordability and supply of new housing. However, local councils retain planning authority, limiting the Mayor's influence over specific developments.
The Mayor of London plans to double the new homes built in the city, seeking to expand construction onto degraded greenbelt land to achieve this goal.
Building exclusively on brownfield sites isn't enough to meet the housing demand, prompting the need for development in the grey belt.
While aiming to protect social housing, the Mayor proposes that reducing development costs could alleviate financial burdens on new home buyers.
The challenge remains that local councils still retain significant power over planning applications, limiting the Mayor's ability to expedite housing developments.
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