CAN WE MAKE HOUSING AFFORDABLE?
We were delighted to be invited to sit on the expert panel and be part of a challenging debate at UK Construction Week 2018 in Birmingham.
Thank you to Kunle Barker for hosting the event and to fellow participants Ross Gilbert of QED Sustainable Urban Developments and Christian Ducker of Gundry + Ducker Architects.
“With interest rates rising, demand on housing increasing and prices still high, affordable housing is an endangered species. So what should affordable mean? In the simplest of terms an affordable house should be 3 times the value of the average salary as this is how many lenders evaluate affordability. Taking London as an example the average house price is roughly 13 times the average London salary*. (Sources office of national statistics) So how can the government tackle this problem? Generational mortgages? Tax/Stamp duty breaks, rolling out shared ownership to include all market properties?” – UK CONSTRUCTION WEEK