City or Casino? The role of speculative investment in London's new build housing market
By: Catharine Banks
Published: April 2016
City or Casino? The role of speculative investment in London's new build housing market
There is a growing housing affordability crisis in London. Businesses, public services, and Londoners themselves are all suffering as a result. House prices have risen at a very alarming rate and are now more than 11 times the average London wage, far out of reach of most working families. Meanwhile, the number of genuinely affordable homes to rent has declined, pushing modest earners far out of the areas they grew up in.