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London will build 570,000 homes in a decade

Sarah Davidson

October 24, 2014

The London-based estate agent said the Capital should be able to create £200bn worth of London property value.

This would cater for its population going forward, which is expected to increase by 920,000 between 2014 and 2024.

According to Stirling Ackroyd London needs to redevelop just 1.3% of its land, meaning it will be able to retain all of its green space.

Andrew Bridges, its managing director, said: “London can build the extra space required to house its own rapid success.

“To keep up with a growing population these opportunities are likely to become reality over the next 10 years.

“Even a cautious projection puts the Capital’s population at nine million before 2020, and half a decade before that landmark the city already needs more homes.

“Yet this level of development is not impossible or even unlikely. It’s already starting.”

Southwark’s Chaucer area, which is between Borough and Elephant and Castle tube stations, is expected to provide 2,870 homes by kilometre, or 2,290 homes.

Tower Hamlets’ Shadwell ward, situated between Tower Hill and Limehouse DLR stations, could provide 2,630 homes, while Islington’s Bunhill ward has the potential for 2,860 homes.

Other hotspots with the potential for at least 1,650 homes per kilometre are Hoxton, Bromley-by-Bow, Southwark Riverside, Limehouse, Wapping, St. Pancras and Spitalfields wards.

In terms of areas with plenty of space, Stratford and New Town has space for 5,620 homes, while Wandsworth’s Queenstown could have 3,760 new homes.

Bridges added: “The City fringes are generating jobs, and these areas have grown ripe with opportunity for London’s new homes industry.

“Regeneration is vital for London to maintain its growth and status as a world city – while also bringing new status, new wealth and new opportunities to neighbourhoods that were previously only observers in London’s spectacular show of economic growth.”


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