Not so vibrant London

At Pocket we love London. We love it’s vibrancy. That’s why it’s so disappointing to see report after report warning the capital that, the people that make it such an exciting place to live, want to leave.

 

“Londoners are almost unanimous in their belief that London ranks worse than elsewhere on both the affordability and the availability of housing. For the average London resident, housing affordability and housing availability are the indicators on which London performs worst.”

This is a direct quote from the Vibrant Capital report by Grant Thornton.

 

The urban commentator and Harvard lecturer Ed Glaeser has commented that the continued success of cities relies on a simple equation, that the cultural and commercial richness of the city must benefit inhabitants more than the downside of living in close proximity and sharing so much with others. The Grant Thornton report shows that amongst all groups researched, valued the cultural and leisure benefits of living in London alongside it’s diversity and benefits to pay and career. For too many however, these benefits are outweighed by the challenges of finding affordable and secure housing that meets their needs.

 

As a city, we have to move faster to help these largely young aspiring Londoners resolve their housing issues. At Pocket, we hear the stories from this audience constantly. They have been frustrated by the housing situation that they find themselves in and can’t see any way out of it. The cost of living swallows up their incomes so significantly that the prospect of ever owning a home is a distant dream. Furthermore, these costs deny them access to so much of the culture and fun that the city should provide. The equation that Ed Glaeser talks of, no longer makes sense and for a highly mobile workforce, who have never seen their career as a single “job for life”, leaving the Capital is increasingly the only answer.

Read More

126 new homes for Haringey from Pocket Living

Pocket Living was delighted to receive planning permission from Haringey council last week, for our most ambitious scheme to date, West Green Place N17.

 

This allows us to deliver 98 Pocket homes, which will be available to local first time buyers at a 20% discount, establishing another strong community of owner occupiers. West Green Place will also include with a new community centre for the benefit of the whole local community .

 

PLL-WGP_HTA-A_DR_0182_Site Visualisation-A_JPEG   PLL-WGP_HTA-A_DR_0185_Site Visualisation-A_JPEG

(more…)

Read More

Buying a home in your local area – the tale of Thomas Golden

 

Become a homeowner in the area where you grew up – Pocket makes it happen!

 

The idea of buying a home where you grew up seems a bit of a pipe-dream – pie in the sky even! And so it may be for many Londoners, but Pocket is trying hard to make it possible for as many city makers as possible to own a home in their local area.

We are very proud to introduce Thomas Golden. You may have already spotted him in the Metro this morning, his is one of the buyers of Pocket’s compact homes in Oak Grove NW2.

 

Thomas and his mum on handover day.

 

(more…)

Read More