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Work starts on the eagerly awaited new Foxtons office on Brixton Road

leanderman said:
Few people gain from this, even homeowners, who have to live somewhere.

And, if they need a family house, they now have to move out, because the steps up in London are now too large.

More important, the high selling prices drive up rents for everyone else.
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I know, I'm disgusted by these prices

Most of these flats are more expensive than my friend's 3-bedroomed house, but that is in Thornton Heath :D

Maybe your lawyer friend should move to Thornton Heath
 
leanderman said:
Obviously not 'as one'.

But, still, that is what they said.

And to be clear, these friends are not wealthy types.
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I don't think any of my friends would be "delighted" by a Foxtons opening up in their town. Why would they? Their presence almost always heralds the start of house prices rising.
 
Minnie_the_Minx said:
and one in Helix Road (2 bedroomed flat) for £535k

http://www.zoopla.co.uk/for-sale/details/30314368?search_identifier=f7290651cdd02ce1ddce0a3231acfcb0


Can't believe there's so few properties available in these few streets. Years ago, there were loads showing up
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A writer on the Economist blog a couple of weeks back commented on this area.

He/she pointed out that, unlike Lambeth generally, where the 'White British' population has plummeted by 30 per cent in a decade, in the Brixton Hill area, it has actually gone up.
 
leanderman said:
A writer on the Economist blog a couple of weeks back commented on this area.

He/she pointed out that, unlike Lambeth generally, where the 'White British' population has plummeted by 30 per cent in a decade, in the Brixton Hill area, it has actually gone up.
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Wouldn't surprise me. Would be good if there were figures available. Census would probably only show figures by council I'm guessing?
 
Minnie_the_Minx said:
Wouldn't surprise me. Would be good if there were figures available. Census would probably only show figures by council I'm guessing?
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The ONS figures break down to ward level I think. It's fascinating and there is a good summary here http://www.lambeth.gov.uk/Services/CouncilDemocracy/StatisticsCensusInformation/

Lambeth wide, the 'white British' population is down from 50 per cent of the total to 39 per cent, which looks more like a 22 per cent fall to me.

The 'black Caribbean' population has fallen in a similar, if not quite such extreme way, from 12 per cent to 10 per cent.
 
Interesting

  • Lambeth is a young borough. It has the second highest proportion of single people in the country, and the second lowest proportion of married couples (although it is the 6th highest in terms of civil partnerships in the country)
  • Lambeth has the highest number of young house-sharers in the country, reflecting a change in the actual accommodation on offer in the borough (49% up from 45% are converted/shared flats) and a higher proportion of private renters (up from 18% to 28%)

Has the highest number of rastafarians as well :D
 
Minnie_the_Minx said:
Interesting

  • Lambeth is a young borough. It has the second highest proportion of single people in the country, and the second lowest proportion of married couples (although it is the 6th highest in terms of civil partnerships in the country)
  • Lambeth has the highest number of young house-sharers in the country, reflecting a change in the actual accommodation on offer in the borough (49% up from 45% are converted/shared flats) and a higher proportion of private renters (up from 18% to 28%)

Has the highest number of rastafarians as well :D
Click to expand...


The two bullet points are why we have so many Sainsbury Locals etc.
 
I can't say I'd want to hang out with people who delight in people getting priced out of their own communities by the rampant house-price-inflating machine that is Foxtons.
 
At a guess, these'll be 'young professionals', recently bought their first property, would rather have lived more central, but this'll do until they can sell it on, or until they want to rent it out etc. they probably aren't from London, more likely the Home Counties, they're university educated, work hard, play hard, have little to no interest in engaging with the local community, can't see how rising house prices can in any way be a negative thing, because how can it be when it benefits them?

Do I win £5 ?

(And while that may sound like every cliche in the book - I actually know people like that, so don't be offended!)
 
Minnie_the_Minx said:
Interesting

  • Lambeth is a young borough. It has the second highest proportion of single people in the country, and the second lowest proportion of married couples (although it is the 6th highest in terms of civil partnerships in the country)
  • Lambeth has the highest number of young house-sharers in the country, reflecting a change in the actual accommodation on offer in the borough (49% up from 45% are converted/shared flats) and a higher proportion of private renters (up from 18% to 28%)

Has the highest number of rastafarians as well :D
Click to expand...

This is of interest as well. Shows that medium and low income households make up 73% of Lambeth households. Shows a real need for affordable housing.

Lambeth also has a "Housing Strategy"

This was agreed at Cabinet 9th July 2012. It covers all forms of housing- private rental, RSL and Council.

Started to look through it more. There is info on Lambeth on pages 17 and 18

It shows that the majority of people in Lambeth are not high waged, that those on Council waiting list increased, that there is need for smaller units and there is a projected shortfall of 6000 units.

So definitely there is a case for more affordable housing at Target Rents.
Need and demand for housing
The number of people who have applied for social housing in Lambeth (excluding transfers from our own and/or housing association stock) has increased by over 75% since 2006 – to 27,000 in March 2012. In December 2011 just over 9,000 households in Lambeth (6.8%) received housing
benefit support to live in the private rented sector. The number of housing benefit claimants in the private rented sector increased by close to 200 people between February and December 2011, when changes to the Local Housing Allowance started to take effect. Over 60% of those living in our own council stock receive housing benefit.

The number of households in Lambeth is projected to grow by an average of 1.4% per year, from 130,000 in 2011 to 160,000 in 2031, mostly through a large rise in the number of single person households. Lambeth’s population has grown by 3.5% over the last ten years, while the number of households has increased by 9%. One of the reasons for this is that households split and become smaller in size. This means that the number of homes needed is increasing faster than the total population. Lambeth’s 2012 Housing Needs Survey identifies an overall housing requirement
across all tenures of 23,900 homes, to 2031. Of this, 67% is a need for social rented housing. In terms of mix, the survey suggests that the greatest overall requirement is for smaller (1 and 2 bed units) units (39% and 32% respectively). This reflects changing household composition, with one person households expected to account for 71% of household growth from 2011-31. Evidence from recent housing delivery and household projections in Lambeth has shown that the number of households has been growing more quickly than the number of dwellings which have been delivered. This has been particularly prevalent in the private rented sector where London has seen a 50% increase since 2001. In the period 2001-2031 the current GLA household projections show the number of households in Lambeth will grow from 118,500 to 160,000, an increase of 41,500. However, the number of dwellings delivered in the period 2001-20 11 was 11,500 with another 23,900 projected to be delivered until 2031 if the London Plan Annual Monitoring Target is
rolled forward to 2031. This gives a total dwelling delivery of 35,400. The number of households in Lambeth is therefore projected to grow by 6,000 more than the number of dwellings delivered in the period 2001-2031. The average house price in Lambeth in March 2012 was £355,000. The average weekly private rent for a two-bed property in Lambeth is £288. Medium-high income
households make up 26% of Lambeth’s households. Low medium income households
make up 41% of all households. 32% of households are low income. Over 31% of all
non homeowners in Lambeth have annual incomes of less than £20,000.
Click to expand...
 
Gramsci said:
This is of interest as well. Shows that medium and low income households make up 73% of Lambeth households. Shows a real need for affordable housing.

Lambeth also has a "Housing Strategy"

This was agreed at Cabinet 9th July 2012. It covers all forms of housing- private rental, RSL and Council.

Started to look through it more. There is info on Lambeth on pages 17 and 18

It shows that the majority of people in Lambeth are not high waged, that those on Council waiting list increased, that there is need for smaller units and there is a projected shortfall of 6000 units.

So definitely there is a case for more affordable housing at Target Rents.
Click to expand...


Shame the powers that be seem to be sticking their heads in the sand about the need for more 1 bedroom flats
 
shifting gears said:
At a guess, these'll be 'young professionals', recently bought their first property, would rather have lived more central, but this'll do until they can sell it on, or until they want to rent it out etc. they probably aren't from London, more likely the Home Counties, they're university educated, work hard, play hard, have little to no interest in engaging with the local community, can't see how rising house prices can in any way be a negative thing, because how can it be when it benefits them?

Do I win £5 ?

(And while that may sound like every cliche in the book - I actually know people like that, so don't be offended!)
Click to expand...

Nice try! And I take your point.

But ... early-mid 40s. Second property lived in. Two kids. Staying put. He born in Lewisham, she Swindon. Fairly engaged locally.

£5 please (Winot knows them well and will vouch for my description!)
 
Minnie_the_Minx said:
Shame the powers that be seem to be sticking their heads in the sand about the need for more 1 bedroom flats
Click to expand...

I know. Its an interesting document. Its endorsed by the Council.

It also backs up what a lot of people say about affordable smaller flats.

Its like these docs get written and then "collect dust".
 
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