Chancellor vows to build 300,000 homes a year

Chancellor Philip Hammond has announced plans to get 300,000 homes built a year in his Autumn 2017 Budget. Mr Hammond said fixing the housing market was a “crucial part” of ensuring Millennials are not the first generation since the Black Death to be less prosperous than their parents.

He promised the Government would do “whatever it takes” to get homes built including underwriting loans to small house builders if necessary.

He will also find around £44 billion for housing schemes in addition to abolishing stamp duty for first time buyers for properties valued under £300,000.

Client: Derwent London
Project: Soho Place

Project Details: 285,000 sq ft mixed-use scheme on the corner of Oxford Street and Charing Cross Road, directly above Tottenham Court Road station and includes a new Theatre.

Client: Berkeley Homes (SEL)
Project: Stephenson Street

Project Details: 3,800 unit / 26 acre residential development in West Ham. The London Plan designates the site within the Lower Lea Valley Opportunity Area and falls within the wider ‘City in the East’ plan which promotes the development of the east of London as an integrated part of the capital.

Client: Martin Arnold
Project: Winstanley & York Road Phase 0

Project Details: 14,000 sq ft new school, church and nursery building in Battersea.

Client: McLaren Construction
Project: Victoria Drive

Project Details: 110 residential properties, which will consist of 55 three and four storey mews-style town houses and a single block of 55 apartments.