London boroughs coming up short in attempts to meet housing targets
8 April 2015, Blog
A report produced by London estate agents Stirling Ackroyd has found that the capital’s boroughs are still coming up short in their attempts to meet housing targets. The report notes that this shortfall is being exacerbated by certain boroughs where planning refusals far outweigh approvals.
Southwark is named as one such borough that has rejected far more housing developments than it has approved. Indeed, Southwark planning committee only approved 58 homes out of a possible 448 in the fourth quarter of 2014. Based on this 13% approval rating – a case can be made for Southwark being the toughest borough for housing developers to operate in.
Tower Hamlets, on the other hand, approved just fewer than 1200 homes in the final quarter of 2014. Tower Hamlets planning committee is guided by a number of strategic local plans such as the Whitechapel Vision. It is ambitious regeneration policies such as these that enable councils to fulfil their borough’s housing requirements.
It remains to be seen whether the planning measures included in the Chancellor’s most recent budget will boost housing construction in the capital’s underperforming areas.