£84 million penthouse
THE PROPERTY market in London "is awash with money from the City," according to an estate agent selling luxury homes around Hyde Park. You would need to be swimming in cash to afford the £84 million being charged for a 20,000 square foot penthouse or even the £4 million for their comparatively slummy property in the most expensive dwellings ever sold in London.
The average price for a London home recently went over £250,000. Huge salaries and bonuses for City fat cats are distorting the whole housing market towards luxury accommodation. Meanwhile, successive governments have attacked local councils' spending and told them to sell off their council housing stock.
We should fight for a huge building programme of public-sector housing for people who can't afford properties valued in their millions!
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In The Socialist 15 February 2007:
Cardiff students build for 22 February
Students must link up with workers
Campaign for a New Workers Party
A great step forward in Liverpool
War and terrorism
Bush threatens Iran over Iraq insurgency
Socialist Party feature
Ten years of the socialist: 1997-2007
Bird flu outbreak
Bird flu outbreak: Profits put before health
Job losses fear on turkey farms
Socialist Party NHS campaign
Fighting back against NHS cuts
Socialist Party news and analysis
Police raids dividing community
International socialist news
Workers' strike declared illegal
HSBC imposes charges on aid to Palestinians
Workplace news and analysis
Simclar workers fight sackings
EDS forced into 'U' turn on pay
Greenwich workers prepare to fight
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