London Homes For London People - millibland

17th February 2014

...or... "two fer a parnd"

What a pleb.

A future Labour government would ban developers of London housing from marketing new properties overseas until local people have had a chance to buy or rent, Ed Miliband has vowed.

Mr Miliband said it was "scandalous" that entire blocks of new homes in sought-after areas were standing empty amid a "chronic" housing shortage.

Council tax could be doubled on empty homes, he also suggested.

But the Conservatives said he had "no plan to deal with the problem".

In an article for the Evening Standard, the Labour leader wrote: "For many of those Londoners who used to dream of owning their own home, their hopes are fading as fast as the prices rise beyond their reach.

"The cause is simple: there is a chronic shortage of affordable homes in Britain, and nowhere is this clearer than in London."

Labour has promised to build at least 200,000 new homes annually by 2020 if it wins the 2015 general election by creating a new generation of garden cities, targeting land-hoarding by developers with a "use it or lose it" policy and giving councils powers to force neighbouring authorities to co-operate on planning proposals under a new "right to grow".

http://www.bbc.co.uk/news/uk-politics-26231648

So you think that developers and millionaires buying prime London property, either large houses or blocks of flats, and then leaving them to rot is ok? You must be nuts.

Because so many London properties are now owned abroad, ordinary people in London are standing less and less chance of buying a home.

Prices in the capital rose 10.6pc over the 11 months to November 2013 to £396,646, helped by rich foreigners snapping up multi-million-pound homes. London also saw the biggest monthly price rise, with an 1.8pc increase in November.

Absolutely hopeless for first time buyers in London, they'd be lucky to get a cupboard.

I totally agree sassy.

Foreigners eh?!

Send them all home!

No you silly bugger, owned by people who live abroad. Ordinary Londoners come in all colours.

Sassy wrote:No you silly bugger, owned by people who live abroad.   Ordinary Londoners come in all colours.

I know a lot of Londoners who would strongly disagree with you.

So you think Ed would really do this?

Yes I do. We have an idea's forum that people have been putting forward what they would really like to see happening, and this was one of the things that London members put forward very strongly. He's having a whole consulting process at the moment to find out on the ground opinions.