Real Estate

The high cost, not supply, of housing is the problem


I do not agree with Cllr Dawn Barnes (Relief as housing project is scrapped, Letters, 27 July). Yes, it’s a relief to say goodbye to the Haringey Development Vehicle, but the alternative is not to “start delivering large numbers of homes” – unless, that is, people can afford them. There is already a large number of properties being built across the borough, especially in Tottenham Hale, but a new two-bed flat in Hale Village is priced at between £415,000 and £485,000.

In my local Wood Green, I suggested to the council that they use a large empty brownfield site for much-needed social housing; they duly researched it and the site is now a new development (Woodside Apartments) of one-bed flats starting at £370,000 and two-bed flats from £495,000. The high cost of housing is the problem, not the shortage.
Elizabeth Adams
London

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