Simple Works ’s Post

According to research from House Buyer Bureau, house prices are currently sitting at 8.8 times the average earnings, more than doubling since the 1970s. The research shows that the average house price throughout the 1970s sat at just £9,277, the equivalent of £68,493 today after adjusting for inflation. As it stands in the current market, homebuyers have never had a harder task looking to join the property ladder. So far this decade, the average house price has hit £286,489, 318% higher than the average seen throughout the 70s. And while the average earnings has also increased to £32,432, this marks just a 94% increase in earnings. So, here are Archio, we are proud to have been key contributors in Community Land Trust housing projects, which address the disparity between house prices and average salaries. The CLT homes are sold at affordable levels, with prices linked in perpetuity to average earnings in the area, therefore ensuring that people have economically sustainable, and socially beneficial housing options available to them. After the success of Citizen’s House in Lewisham, which completed in 2023, we are delighted to share that we have submitted plans for 16 more CLT homes with the Royal Borough of Greenwich. Commissioned by London CLT representing Greenwich Citizens Housing, we won the opportunity to design these homes through a public vote — a true testament to community empowerment! As highlighted in the recent Architects’ Journal article: “The new homes will be genuinely affordable, and they have been designed to contribute to the local area and to meet higher standards of sustainability.” We owe our thanks to all our collaborators and partners, including: The dedicated team at London CLT, Oliver Bulleid, Cheryl Scott, and Jawad Anjum All members of Greenwich Citizens Housing and Anthony Okereke Our amazing project team at Archio Ltd: Mellis Haward, Kyle Buchanan, Sophie Baldwin, Claire Fitzpatrick, João Garcia Sá, Will Hayter And all our incredible project partners: Simple Works (Structural & Civils), P3R Engineers Ltd (M&E), SCS (Sustainability), Peter Tanner, Stantec (Planning consultants), Steer (Transport consultants), Marc Dix, LT Studios (Landscape), Ian Sayer and Co. (Employers Agent/Quantity Surveyor) 👉 Catch the full story in the Architects’ Journal - https://shorturl.at/uxN7T