One in five of London’s new homes are from smaller developers
Small and medium sized developments (SMDs) account for two in three new build schemes in London’s pipeline, research by Kinleigh Folkard & Hayward (KFH) suggests.
The London’s new homes landscape study highlighted however that despite this majority, only one in five of properties (19%) will be provided by these developments.
According to the research, there are currently a total of 1,031 private new build developments either awaiting planning permission, with planning consent awaiting construction, or under construction.
John East, director of Land and New Homes at KFH, said: “The government’s Housing White Paper makes clear that SMDs are vital for London to meet its housing need.
“Our analysis proves that more has to be done to support developers at the smaller end of the scale.”
Bromley has the largest proportion of units being delivered by SMDs with 70.5%, whilst Newham has the lowest at just 4.3%.
East added: “It is clear many boroughs need to do more to include SMDs in their local plans and get behind the developers hoping to build them.
“Of course, only a unified approach will work; local authorities, central government and developers must work together if London is to get anywhere close to fulfilling its housing requirement.”