There has to be a rental sector, and part of that sector needs to be subsidised
Published: 24 July 2007
Scan planning applications for new housing in London and you will find a curious preoccupation with the number 14. Why 14? Because 14 is the maximum number of units a developer can build without having to make any "affordable". The result is that, in desirable areas, small is beautiful. The premium that can be charged for such flats makes it worthwhile to build fewer but better. Another result, of course, is less "affordable" housing. continue...
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