Ordinary Londoners are being priced out of the housing market, says the London Green Party, who will turn out in force to support a March 6 demonstration against London Mayor Boris Johnson’s continued plans to sell off the cities’ homes to investor-owners.
The demo has been organised by the Radical Housing Network, Defend Council Housing and People Before Profit to draw attention to Johnson’s decision to lead a delegation to Cannes, France, for MIPIM, the world’s biggest property fair. London house prices now average £441,000 – or 16 times the average local individual income.
The London Green Party, which recently released the hard-hitting ‘Crumbs for London’ report, is calling on the current and future governments to put the need for a home before the desire of investors for profits by building more genuinely affordable housing and introducing greater security of tenure and ‘smart’ rent controls for tenants in private rentals.
Natalie Bennett, Leader, the Green Party of England and Wales, said:
“Ultimately, we have to go back to regarding houses and homes, not investments, and look to restore investment in productive activities such as manufacturing, the creative industries and food production.”
London Assembly Member, Darren Johnson, will be attending the demonstration.