Can London stay ahead of the game?

Barratt London joins the Capital's political and property experts to debate how we can keep London ahead of the game

Barratt London was proud to be the headline sponsor at today’s London Property Summit 2014 organised by London First and Movers & Shakers.

Unsurprisingly a major focus of debate was the London residential property market. Conference organisers put forward that the London economy has become the engine room for UK growth. The market for residential property is booming and may have reached its peak. Can London maintain this momentum? What challenges does it face? How can the Capital build enough homes to cater for a growing population? What sectors will provide employment growth and underpin London’s continued commercial prosperity?

Group Chief Executive of Barratt Developments PLC, Mark Clare, was part of the first panel on ‘Investing in London’ and argued that “The shortage of housing is now emerging as one of the single biggest issues facing London and how we tackle that will define the future success of the Capital. Complex questions of where, what, how and who all have to be addressed and resolved.  The London Property Summit is exactly the right forum to start to address these issues.”

Regional Managing Director of Barratt London, Alastair Baird, was part of the second panel debating one of the biggest issues facing London today; how we can create enough places for Londoners to live.
Regional Development Director, Greg Tillotson, and Regional Sales Director, Gary Patrick, later hosted a plenary session providing delegates with the Barratt London perspective on London housing.

Greg stated: “It’s important to the directors of Barratt London that we not only provide the homes that Londoners want but also homes that we need. This financial year we will be selling a vast range of property from £200,000 for a flat in Catford up to £10m for a penthouse in the Square Mile. We will be providing 444 affordable homes across a range of tenures including social rent units in Lewisham, sub-market rent for key workers in Soho and shared equity apartments in West Hendon.”

Greg went on to call for more investment in local government’s overstretched planning departments, together with improved housing policy stability and consistency if we’re to stand a chance of addressing the chronic shortage of housing in the Capital.