London borough housing targets, which will form the basis of the draft London Plan, have recently been released. The draft targets add up to almost 66,000 homes per annum to reflect headline findings of the London Strategic Housing Market Assessment (SHMA), a significant increase on the 42,000 set out in the Further Alterations to the London Plan (FALP).
Outer London will need to accommodate a greater share of London’s overall need of 66,000 homes per annum. These boroughs will see the largest increases in raw numbers as well as the largest proportional increases to existing stock. Will current construction models be able to accommodate this increase in capacity? And has the GLA identified enough land to do so? These factors will need to be taken into consideration if London is ever to deliver the 90,000 to 100,000 homes per annum actually needed to tackle affordability in the capital.
The targets demonstrate a shift in pressure to deliver housing from inner London boroughs to outer London boroughs. Many inner London boroughs will see their share of the overall London target reduced. Of the 20 outer London boroughs, only two, Haringey and Barnet, will see a decrease in share of overall London target. Hounslow will see its share in the overall target increase by over 1.5 percentage points, the greatest increase of any borough.