{"id":14260,"date":"2016-05-25T01:37:49","date_gmt":"2016-05-24T18:37:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-in-london-bricks-and-mortals-editorial\/"},"modified":"2016-05-25T01:42:31","modified_gmt":"2016-05-24T18:42:31","slug":"the-guardian-view-on-housing-in-london-bricks-and-mortals-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-in-london-bricks-and-mortals-editorial\/","title":{"rendered":"The Guardian view on housing in London: bricks and mortals | Editorial"},"content":{"rendered":"


\nRecords of who owns what in one plush tower by the Thames reveals how the capital has been building for ghosts, rather than its own citizensThere is no longer room for argument about the fact that Britain\u2019s capital is, like much of the country, gripped by an appalling housing crisis. The statistics about average property prices being the wrong side of 10 times the average London wage make the same point in the language of economics that reports of toilets being installed inside kitchen cupboards in studio flats convey by anecdote. After the mayoral election at the start of this month, in which housing emerged as the dominant campaign theme, its political salience is also an established fact. Where swing voters once sat pretty, watching the value of their homes rise through the roof, London is now slipping back towards being a city of tenants, with a younger generation of renters left cash-strapped in the immediate term, and locked out of ownership deep into the future. There is, then, a growing consensus that there is a real problem here, and that Something Must Be Done.The irony, however, evident to every eye which scans the crane-streaked skyline, is that there is no shortage of activity connected with London real estate. Properties are endlessly extended, refitted and converted, and the steady spread of high-rise towers continues. No doubt the great draw of this world city, which pulls in so many internal economic migrants from other parts of the UK as well as from overseas, is one big part of the problem. But the overall volume of demand is not the only question; the other is what sort of demand gets addressed by all the activity on the supply side. And it is here that the Guardian\u2019s analysis of an iconic 50-storey development near the Thames \u2013 the Tower, at Vauxhall \u2013 sheds some unforgiving light. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The Guardian view on housing in London: bricks and mortals | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Records of who owns what in one plush tower by the Thames reveals how the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14260","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3I0","jetpack-related-posts":[{"id":450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-housing-market-set-to-cool-in-2016\/","url_meta":{"origin":14260,"position":0},"title":"London housing market set to cool in 2016","date":"December 30, 2015","format":false,"excerpt":"\r Nationwide says above-average price gains in capital are unlikely\r \r Source : ft.com\r Read more...London housing market set to cool in 2016","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-tops-cost-of-housing-survey-at-14-times-average-earnings\/","url_meta":{"origin":14260,"position":1},"title":"London tops cost-of-housing survey at 14 times average earnings","date":"November 25, 2016","format":false,"excerpt":"\r Cambridge and Oxford follow the capital at over 13 times earnings while Glasgow and Liverpool have lowest income-to-price ratioThe average cost of a home in London is more than 14 times average earnings \u2013 the highest level on record, according to figures from property consultancy Hometrack. Oxford and Cambridge\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-prices-slide-for-eighth-quarter-in-a-row\/","url_meta":{"origin":14260,"position":2},"title":"London house prices slide for eighth quarter in a row","date":"July 2, 2019","format":false,"excerpt":"\r Average value of a home in the capital down 2.6% over past two years as rest of UK risesHouse prices have dropped in London for the eighth quarter in a row pushing the average value of a home in the capital down 2.6% over the last two years to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foxtons-profits-plunge-over-london-housing-market-slump\/","url_meta":{"origin":14260,"position":3},"title":"Foxtons profits plunge over London housing market slump","date":"February 28, 2018","format":false,"excerpt":"\r Brexit worries and stamp duty changes dragging down sales in the capital, estate agent says London-focused estate agent Foxtons has blamed a plunge in profits on Brexit uncertainty and stamp duty changes which have driven sales in the capital to near record lows.The company said waning consumer confidence against\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commuters-save-3000-on-property-each-minute-further-out-of-london\/","url_meta":{"origin":14260,"position":4},"title":"Commuters save \u00a33,000 on property each minute further out of London","date":"April 3, 2016","format":false,"excerpt":"\r As more families cash-in and move out of the capital, the estate agent Savills has calculated the savings in house prices per minute per train journeyHouse prices in the London commuter belt fall by more than \u00a33,000 for every minute further away the property is by train from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/social-housing-tenants-face-soaring-rents-under-pay-to-stay-policy\/","url_meta":{"origin":14260,"position":5},"title":"Social housing tenants face soaring rents under 'pay to stay' policy","date":"August 29, 2016","format":false,"excerpt":"\r More than 70,000 face average rise of more than \u00a31,000 a year under scheme to ensure supposedly high earners pay market rentMore than 70,000 tenants face average rent rises of more than \u00a31,000 a year under the government\u2019s \u201cpay to stay\u201d policy aimed at ensuring supposedly high earners living\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14260"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14260"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14260\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}