The average cost of a home in London has now reached over £500,000 ($640,000), a figure far beyond the reach of the large majority of individuals or families on or below the average UK income (£34,473, or just under $45,000, per year). It’s a story which has been told time and again in recent years; the “housing crisis” of affordability continues to exacerbate the lives of a generation.
For Naked House, a not-for-profit organization dedicated to “stripping affordable housing back to the bare essentials,” crisis necessitates a creative response. With support and funding from the GLA (Greater London Authority) and the incumbent Mayor of London, who has awarded a £500,000 grant to the development, they—in collaboration with OMMX—have now made an important step closer to realizing their vision.
