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From The Socialist newspaper, 15 February 2007

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:

Scrap student fees now

Cardiff students build for 22 February

Students must link up with workers

'Saintly' Tesco


Campaign for a New Workers Party

A great step forward in Liverpool


War and terrorism

Bush threatens Iran over Iraq insurgency

100 billion Trident?

Angry refugees protest


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

Workers' health jeopardised


Socialist Party NHS campaign

Fighting back against NHS cuts


Socialist Party news and analysis

Police raids dividing community

Save our school buses

84 million penthouse


International socialist news

Workers' strike declared illegal

HSBC imposes charges on aid to Palestinians


Workplace news and analysis

PCS action continues

Simclar workers fight sackings

EDS forced into 'U' turn on pay

Greenwich workers prepare to fight

Hackney UNISON


 

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