In the district of Queens Park Rangers stadium in London under construction affordable housing

The mayor of London approved the construction of a new station in Old Oak where it will be implemented part of the programme to build affordable houses. The programme in this area will be completed 605 housing units, a kindergarten, medical centre and commercial space.

Old Oak and Park Royal have the potential for the construction of 25,500 new units of housing and the creation of 65,000 new jobs in the next 30 – 40 years. New transport system, Crossrail and HS2 are intended to significantly improve the potential of these areas and increase their attractiveness in the eyes of buyers and investors.

London is experiencing significant population growth and solve the housing problem without the massive construction of affordable housing impossible. Despite the fact that the UK voted to leave the European Union, the potential of the London property market is huge and the demand greatly exceeds the supply, that is, sharply there is a shortage of affordable housing. However, London – flexible the city is open for business and new projects and will remain so regardless of the political situation.

The project involved Old Oak football club Queens Park Rangers Football Club (QPR) , a partnership which will allow you to create just the right amount of new homes in the district, but also a kind of local community on the basis of the football club.

About 40% of new housing will be offered to Londoners programme availability. Part of the real estate will be leased, and the other part will be sold under the “shared ownership”.

® Maxim Savitsky. 09.08.2016 G.

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