London’s deputy mayor for housing has backed the build-to-rent sector as a solution to the capital’s housing crisis during a speech to the RESI 2016 conference in Newport, Wales.
He told the audience that “volume house-builders need to work alongside new forms of delivery like build to rent”.
“If we’re going to increase supply and have affordable within that, you need to use every route of delivery, and if build to rent can deliver at scale and speed then we should support that,” he added.
Murray said a key consideration would be how to fit affordable housing into the sector; suggesting discount market rent could be a “good way”.
The former executive member for housing and development at Islington Council put planning reform at the heart of his agenda, calling for the system to be “clearer, quicker and more consistent”. But if developers want a better service, then boroughs “should be able to vary their fees.”
Standing by his 50 per cent affordable housing target, Murray said a key part of his strategy to deliver more affordable homes will be extra funding to support the release of public land.