Posted 05.02.18
Mayor of London: Article link
The Mayor of London, Sadiq Khan, has announced a landmark step towards offering 'first dibs' on new homes, after the housing industry responded to his call for change with an offer to sell lower-cost new properties exclusively to Londoners and UK-based buyers first.
Following discussions about steps to make more new homes available to Londoners, the Mayor has now received offers from members of the Home Builders Federation and the g15 (which represents London's largest housing associations) to restrict sales of all their new-build homes in the capital up to £350,000 to UK buyers only for three months before any overseas marketing can take place.
The offer also involves Londoners, who live or work in the capital, being offered 'first dibs' exclusively for up to a month within this time period.
The offer from the industry is also backed by the Capital's biggest home builders, Berkeley Homes. It represents the first time ever that sales from leading home builders have been restricted to UK and London buyers only.
The previous Mayor's efforts to strike a deal only secured promises around marketing, rather than sales, and suggested merely that homes should be marketed domestically 'either first or at the same time' as overseas.
