Making housing affordable in London - Siobhan writes in The Times today
Posted on April 23rd, 2012
Siobhan writes in the Times today about her affordable fixed house price:
"The cost of living is high and there is a shortage of affordable housing. Private rents in London cost up to 60 per cent of average earnings, and with the typical house price at more than seven times the average income buying a home remains a distant dream even for people on decent salaries."
"That is why I am proposing a radical new policy - the creation of a fixed-price, low-cost housing market for key workers such as teachers, nurses and police officers, that will be developed and managed by Homes for London, a new department within the Greater London Assembly."
Full article at in the Times today on page 20. Also full details in our housing manifesto.
