you have to wonder where all these would be £100k+ a year people are coming from.
London's population boom means housing an extra borough every three years
As nine million people are set to call London home by 2019, the race is on to provide the 400,000 new homes and transport upgrades that will be needed.
David Spittles
06 November 2013
* The popular suburbs are where the population is predicted to grow
* Transport for London is set to gain more control of suburban commuter routes, from Liverpool Street through east London to Stansted airport and Cambridge, taking in Hertfordshire commuter towns such as Bishop’s Stortford and Cheshunt.
* 23 train stations will be upgraded. Areas and new developments to benefit include The Mission in Hackney Wick;Stanmore Place near Canons Park; Kidbrooke Village in Kidbrooke and London Square in Ruislip
London’s population jumped by more than 100,000 last year to a new postwar high, and at the current rate of increase the capital will grow by the equivalent of an extra borough every three years, hitting a total of nine million people by 2019, according to the latest data from the Office for National Statistics.
As a result the city needs a more extensive transport network for commuters, says London Mayor Boris Johnson, and 400,000 new homes over the next 10 years.
The popular suburbs are where the population is predicted to grow. After past flirtations with locating offices out of town, the mood is now for commerce to cluster in the centre of the capital, though this will inevitably put extra strain on the transport system. So London will not just have more people — predicted eventually to reach 10 million by 2030 — it will have more people travelling longer distances to work.
Private car use in London is falling, while journeys by Tube and bus are soaring. Once-quiet public transport routes are crammed, with 3.7 million people using the Tube each day. The Docklands Light Railway carries 100 million passengers a year, up from 66 million in 2008, while the recently completed East London line is already feeling the strain — though its capacity is being boosted by 25 per cent.
more property pumping here:
http://www.homesandproperty.co.uk/property-news/new-homes/londons-population-boom-means-housing-extra-borough-every-three-years-0?utm_source=indy&utm_medium=link&utm_campaign=article