Property News · April 24, 2017

Mayor to subsidise 'naked' homes solution to London housing crisis


Sadiq Khan adds weight to scheme to construct spartan apartments that will sell for up to 40% less than usual new-buildsWho needs internal walls or a fitted kitchen anyway? As house prices soar ever further out of reach, London’s mayor, Sadiq Khan, is to subsidise a new generation of ultra-basic “naked” homes wthat will sell for up to 40% less than standard new builds.The apartments will have no partition walls, no flooring and wall finishes, only basic plumbing and absolutely no decoration. The only recognisable part of a kitchen will be a sink. The upside of this spartan approach is a price tag of between £150,000 and £340,000, in reach for buyers on average incomes in a city where the average home now costs £580,000. Continue reading…

Source : theguardian.com
Read more…Mayor to subsidise ‘naked’ homes solution to London housing crisis

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