Supply and Demand in Centre Point Residences

architectsforsocialhousing

Photograph from Centrepointresidences.co.uk

From one end of London to the other we hear the same demand, from council meeting and corporate board room, from housing association and think tank, from architect and property developer, from Labour cabinet and Tory ministry, from the Greater London Authority and the House of Commons: ‘We must build more homes!’ This cross-party consensus between political rivals, the public and the private spheres, should alert us to the fact that something else is at stake here than the mere housing of London’s citizens, which has always been far down the ladder of political priorities; something which the announcement this week that the multi-million-pound properties in Centre Point Residences have been taken off the market for lack of offers matching their asking price has drawn into focus.

The London Mayor, Sadiq Khan, was elected on a promise to build 50,000 new homes every year he was in office. Unsurprisingly, his…

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