London Housing Crisis Solutions Explored

Date Published 16 April 2013

Tackling the capital’s housing crisis is the focus of the Chartered Institute of Housing’s (CIH) first annual London conference.

Deputy mayor for housing, land and property Richard Blakeway will share the latest updates on London’s housing strategy while other key topics will include making the private rented sector work for London, increasing housing supply, the legacy of the Olympics and ending rough sleeping.

Brendan Sarsfield, chief executive of housing association Family Mosaic and vice chair of g15, which represents London’s largest housing providers, will be chairing the conference.

Other high-profile speakers include National Landlords Association chief executive Richard Lambert, Places for People chief executive David Cowan, Paul Brickell, of the London Legacy Development Corporation, Homeless Link chief executive Rick Henderson and Royal Town Planning Institute president Dr Peter Geraghty.

The conference, which takes place from 30 April to 1 May at the Grosvenor Victoria Hotel, comes just under three months after London mayor Boris Johnson outlined his vision for London’s housing market at CIH’s Presidential Dinner on February 6.

He called on the Government to allow London to retain all stamp duty receipts raised on its property sales, estimated to be worth £1.3billion a year, to remove town hall borrowing caps to give them more money to invest in building new homes, and to give housing associations long term certainty to build affordable and market homes.

CIH chief executive Grainia Long said: "We know housing professionals in the capital are facing some uniquely challenging conditions, so our first annual London conference aims to provide them with all the latest information and tools they need to tackle those challenges head-on.

"Fixing London’s dysfunctional housing market is vital to ensure the city remains globally competitive, but on a more fundamental level it will help alleviate some of the misery caused by its chronic shortage of affordable housing.

"The current model is simply not sustainable. Many people have already been priced out of owning a home in the capital, and it is becoming increasingly difficult to find affordable properties to rent. London’s population is predicted to rise from 8.2 million to nine million in 2020 so there is no time to lose – action needs to be taken now."