Tuesday 26 June 2012

London 'affordable home' priced at £700,000

London 'affordable home' priced at £700,000

How does £705,000 sound for an affordable home? Not affordable at all, most likely. But that's the price housing association One Housing Group is charging for some new-build London properties.

Affordable housing usually means a figure between council rents and market rents. And they're usually aimed at key workers. Some very well off ones in this case.

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