There are some key facts about London Housing market that raise the issue of affordability and are alarming to us – people living, working and raising children in London. We would like to share it with you and ask you to make action by joining us for the event on 27th April, where you can be part of other 1 million Londoners who address the issue to London mayoral candidates.
Alarming Key Facts on current London Housing market:
- Those on an average London salary can’t afford to buy what are aspirationally described as “affordable” under the current Mayor’s administration, at 80% of market value or rent.
- People in London have to save £179,248 for their deposit on an average London property costing £503,431, where average earnings are £35,238 a year. A Londoner’s average rent bill is £1,500. Home ownership is being reduced to stargazing aspiration.
- According to statistics released by the Greater London Authority (GLA) in March only 6,592 affordable homes were completed in the capital in 2013/14 – 28% of overall new housing.
- This is the lowest number of affordable homes built in London since 2005/6 – when 24% of new homes were affordable.
- The 50,000 homes that have been (or will be) built in each of the Mayor’s terms doesn’t take into account low-cost homes that have been demolished or sold off.
London Housing Event – Policy building forum
London South Bank University Keyworth Events Centre will hold on 27th April event on Affordable Housing organised by Uprise Policy Forum and the Open Business Council. The event will comprise of half-day conference that will draw together the stakeholders and citizens to put an London Affordable Homes Plan in place for the next Mayor.
This event will challenge mayoral candidates with their plans for landlords and investors raising various questions like:
- Which one is proposing rent controls?
- Who wants an accredited landlord’s register?
- Is it true that Zach the Conservative candidate wants to stop buy to let investment in London?
- Are the Greens going for a land grab?
- All four main mayoral candidates will present for seven minutes on only their affordable homes and sustainability agendas with details of how they will fund these plans. These are the issues Londoners want to hear about.
Over the rest of the day, workshop with leading policy makers, councillors, candidates, landlords, investors, academics, leaders in the built environment and citizen stakeholders and let’s create a policy for London that works for investors and tenants.
Different organisations and group will represent together 1 million Londoners. And these people will endorse the policy plan built on that day and submit it to London’s next mayor to implement. The Plan will be presented to all 4 main mayoral candidates on 1 May 2016 and No 10 and Treasury to shift City Hall from stasis to constructive dialogue with people who care about the future of London.
Venue : Keyworth Centre, LSBU, 27 April 2016 09 00 to 3-30
Tickets can be acquired in: https://www.eventbrite.co.uk/e/london-affordable-housing-summit-tickets-24082522473
Uprise London CiC is an ethical, affordable housing developer. It uses its profits to fund affordable ( 75% BMV) housing and training for women and children needing post refuge accommodation. Uprise operates a transparent procurement chain, uses only locally sourced materials and labour. Uprise Policy Forum is a platform to develop practical solutions for entrenched social problems. http://Londonaffordablehousing.org
Open Business Council is a 360 degrees hub supporting business, SMEs and startups in an open and transparent way. We believe in the power of openness and collaboration as core success factors for the future of doing business. http://www.openbusinesscouncil.org/about
London South Bank University is one of London’s largest and oldest universities. Since 1892, it has been providing vocationally-relevant, accredited and professionally recognised education. Its School of The Built Environment and Architecture is the largest building schools in the UK, with 100% of its taught degree courses offering professional accreditation. Many decision makers in the built environment sector are LSBU graduates. http://lsbu.ac.uk