Housing Core Strategy Review Issues and Options

Housing Issues and Options

Introduction

1 Background

1.1          The Royal Borough is an intensely developed, primarily residential borough with some of the highest land values in the United Kingdom. The Borough’s population appears to have remained fairly static since the 2001 Census and according to the 2011 Census it is about 159,000[1]. However, given the size of the Royal Borough it has one of the highest population densities of all local authorities in England and Wales. The Borough’s outstanding built environment and its position close to the capital’s centre make it one of the most desirable places to live in London, if not the world. This popularity comes at a price, bringing with it the highest property prices in the United Kingdom.

1.2          Between May 2000 and 2008, the average price of a home in Kensington and Chelsea more than doubled from £389,000 to £873,000[2]  since when it has continued to increase to an excess of £1m in 2012. Affordability is therefore a significant issue in the Borough. 

1.3          The Core Strategy was adopted in December 2010 and Chapter 35: Diversity of Housing sets out the Strategic Objective (CO 6) Diversity of Housing and related Planning Policies (CH1 to CH4). These policies deliver a diversity of housing in the Borough which is an integral part of the Core Strategy’s central vision of Building on Success. It is central to stimulating regeneration in North Kensington, and vital to the residential quality of life.


[1] The ONS 2010 mid-year estimates reported the Borough’s population as 180,000 and there is a drop in the 2011 census-recorded population. This is probably due to more accurate reporting rather than an actual decline.
[2] Land Registry (May 2012)