Can micro-homes solve London’s housing crisis?
CNNEditor’s Note: One Square Meter explores the leading architectural designs, city plans and demand for property investment in emerging markets. Story highlights UK capital needs to build 49,000 new homes a year to keep up with city's rising population Some suggest micro-homes can offer affordable housing solution for many in city CNN — These days, finding somewhere to live in London is one of the city’s biggest challenges. We’ve just crossed 8.6 million and by 2030 we’re going to be knocking on 10 million.” Saving space According to Smithers, shaving off excess space in new-build properties can squeeze more people in while still providing all the necessary amenities of city living – although Pocket would argue that their 38 square meter properties are perfectly proportioned. Read: Could micro homes offer housing solution Pocket’s development in London’s transport zone two would sell for around $350,000, roughly 20% below market value. “I think it is a new, more permanent approach to living, especially in city centers, because there’s only a finite amount of space so people can’t build more.” Merchant said.
History of this topic
Want to grab a bargain when it comes to somewhere to live? Try this
The Independent
Angela Rayner’s planning ‘revolution’ slashes housebuilding target for London
The Independent
Is this the smallest flat you’ve ever seen? A 7-square-metre London flat is set to go on sale for £50,000
The Independent
Space race: UK buyers seek bigger homes, push up prices
Al Jazeera
London has a surplus of empty luxury apartments which should be good news for the housing crisis – but here's why it isn't
The Independent
London microflats attract investors after millennials priced out of traditional housing market
The Independent
Build homes with smaller rooms so young people can afford them, Tory housing minister says
The Independent
Can tiny homes ease the housing crisis or are they a risk to health?
The Independent
Londoners need 266% pay rise to buy home in the city, National Housing Federation claims
The Independent
London Mayor Boris Johnson 'should buy up empty premises to fix housing crisis'
The IndependentDiscover Related