Property News · April 20, 2016

London had a sub-prime housing problem. Now it has a super-prime crisis


Across London, social housing is being demolished to build luxury towers for global investors. Only eight years since the financial crash, Anna Minton marvels at how, once again, we’ve let the property market spiral out of controlLondon Housing Crisis: Have We Reached a Tipping Point? is at University Square Stratford, London E15, on Saturday 23 April I recently took part in a gloomy debate about London’s housing crisis with the celebrated modernist architect Kate Macintosh. All the previous speakers had referred despairingly to the demolition of dozens of the city’s housing estates – a process described by the group Architects for Social Housing (ASH) as “the London clearances”. Macintosh talked about her experience in the 1960s designing the south London landmark Dawson’s Heights, and the success of recent community projects at north London’s once-troubled Broadwater Farm Estate. “Does she not know that Broadwater Farm is also under threat of demolition?” I wondered to myself. Continue reading…

Source : theguardian.com
Read more…London had a sub-prime housing problem. Now it has a super-prime crisis

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