{"id":40818,"date":"2017-01-16T14:15:17","date_gmt":"2017-01-16T07:15:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-radical-model-fighting-the-housing-crisis-property-prices-based-on-income\/"},"modified":"2017-01-16T14:22:18","modified_gmt":"2017-01-16T07:22:18","slug":"the-radical-model-fighting-the-housing-crisis-property-prices-based-on-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-radical-model-fighting-the-housing-crisis-property-prices-based-on-income\/","title":{"rendered":"The radical model fighting the housing crisis: property prices based on income"},"content":{"rendered":"


\nCommunity land trusts battle gentrification by linking house prices to local wages rather than the market rate. But can this growing movement for \u2018permanently affordable\u2019 homes really ease Britain\u2019s housing crisis?A forbidding clock tower rises above the arched windows of a former Victorian workhouse in east London\u2019s Mile End, behind a hoarding which trumpets the conversion of the crusty old pile into an enclave of luxury apartments. The mortuary, morbidly located next to a graveyard at the end of this brutal conveyor-belt complex, has been reborn as The Lodge, a two-bed flat for \u00a3999,995 \u2013 the kind of inflated price that is increasingly familiar, even here in one of London\u2019s poorest boroughs.But buried among the workhouse chic and the new brick apartment blocks is an unlikely experiment in building homes that will remain affordable to local people forever. After a decade of campaigning, the East London Community Land Trust has succeeded in creating housing where the prices will be linked to local income in perpetuity, entirely detached from the superheated speculation of the property market. Continue reading…
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\nSource : theguardian.com
\nRead more…The radical model fighting the housing crisis: property prices based on income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Community land trusts battle gentrification by linking house prices to local wages rather than 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-40818","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-aCm","jetpack-related-posts":[{"id":58512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-housing-crisis-comes-back-to-the-fore\/","url_meta":{"origin":40818,"position":0},"title":"London\u2019s housing crisis comes back to the fore","date":"June 20, 2017","format":false,"excerpt":"\r The fire at Grenfell Tower should prompt a radical policy overhaul\r \r Source : ft.com\r Read more...London\u2019s housing crisis comes back to the fore","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52097,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-housing-crisis-is-abetted-by-illicit-funds\/","url_meta":{"origin":40818,"position":1},"title":"London\u2019s housing crisis is abetted by illicit funds","date":"April 17, 2017","format":false,"excerpt":"\r Revealing the true ownership of UK property may help stop the rot\r \r Source : ft.com\r Read more...London\u2019s housing crisis is abetted by illicit funds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27747,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/airbnbs-european-chief-denies-it-is-driving-up-london-house-prices\/","url_meta":{"origin":40818,"position":2},"title":"Airbnb's European chief denies it is driving up London house prices","date":"September 29, 2016","format":false,"excerpt":"\r Olivier Gr\u00e9millon says short-term rental websites are not to blame for housing crisis after criticism from MPs\u2019 committeeThe European head of Airbnb has disputed claims that the company is driving up property prices and exacerbating London\u2019s housing crisis. 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