There is so much going on across London that it can be tough to stay up to date. Luckily we work hard to ensure we know about the latest property matters. This also helps us maintain our stellar reputation as a provider of high quality services, including the estate management City of Westminster landlords love.
Addressing Housing Needs
Westminster City Council is introducing a ban on oversized properties. This is through a 150 sq metre limit for new homes. The purpose of this is to stop the building of supersize properties. The hope is that this will inspire people to build more affordable properties. This way, Londoners will have more access to housing that isn’t expensive.
This ban is a part of the City Plan for developments between 2019 and 2040. One of many introductions is the commitment made to build over 10,000 units classed as affordable by the year 2040. Another part of this is a policy for extra bedrooms. This will make it easier for a family to extend their home rather than having to move out of the area.
This plan will help the borough thrive and be the home to many different community groups rather than empty luxury homes. People will then have access to the right kind of homes to live in. Those who want to can then live in Westminster City if they choose to.
The 150 sq metre limit is still a huge degree higher than the average size of a private home in this area. This means that the prime market will still be catered for through new developments. All the while, it will allow for a better strategy for meeting the housing needs of the city.
When it comes to estate management City of Westminster can rely on our leading services. This isn’t all though because our first class work covers many areas, including guaranteed rent.
You can reach the Finefair team at email@example.com to learn more or call 020 8554 0500. We would love to talk with you about the extensive help that we offer investors and landlords.