The end of the calendar year is when many property experts begin to speculate about the future of the housing industry but while many stick to forecasting interest rates and house prices, a leading architect has put his neck on the line by sharing his radical seven point “urban policy manifesto” for solving London's housing crisis.
Patrik Schumacher's speech to the World Architecture Festival in Berlin was called 'incendiary' by the Evening Standard thanks to its radical content. Schumacher's suggestions include moving council tenants out of Central London, abolishing affordable housing and building over 80% of Hyde Park.
The architect - who replaced the late Zaha Hadid as the head of her eponymous architectural practice - also praised international property owners who only occupy their London properties for a few weeks of the year, suggesting the parties they throw when in the capital provide networking opportunities and breed success.
The architect made no reference to house building in the capital as a way of addressing any shortage of properties but Schumacher did add that his firm would not turn away the chance to design a social housing project!
Have a read and draw your own conclusions!
He added: ”I know a lot of people that have second homes in London and I’m so glad they do. Even if they’re here only for a few weeks and throw some key parties, these are amazing multiplying events.”