In June the Council proposed new policies to control the size of developments above and below ground and to increase the supply of affordable homes. Cllr Nick Paget-Brown, Leader of the Royal Borough of Kensington and Chelsea explains the thinking.
Wealthy people from all over the world want to own property in Kensington and Chelsea and that’s no bad thing. It’s good for our shops, good for our restaurants, good for employment and it’s good for the Exchequer too. But as with so much else, it’s a question of balance.
Getting the balance right between the sorts of development favoured by some high-net-worth-individuals and the more traditional forms of development isn’t easy but after long consultation we have come to the view that some adjustments are needed.
That’s why we are proposing new policies designed to reduce the scale of subterranean developments and control the growth of very large properties. Continue reading