Mayor backs stripped back homes

28th April 2017

London Mayor Sadiq Khan is to subsidise ultra-basic "naked" homes which will include no partition walls, no decoration and offer only basic plumbing. These will sell for up to 40% less than standard new-builds, with prices expected to range between £150,000 and £340,000 – compared to the average London asking price of £580,000. The freehold will be retained by the council and owners will pay ground rent. Mr Khan commented: “Community-led housing offers the chance to build new homes that Londoners want to live in”.

The Guardian (24/04/2017)