An interesting report from the London Tories states that ‘pop-up’ housing could slash the cost of the capital’s rental market by up to a third.
The factory-assembled housing, as seen in the Netherlands, costs half as much to construct than traditional building methods. In addition, the units can be customised in order for them to match up to the surrounding area.
What’s more, they are much quicker to construct, meaning substantial savings can be passed on to tenants, with properties let below average market rates.
Housing spokesman for Tory Assembly, Andrew Boff, said that this method is an, ‘untapped goldmine,’ which would assist massively in combatting rent rises. These types of homes can last for up to 60 years and are a cheap and flexible option for small developers.
The London Land Commission has recently identified room for 130,000 new homes on public land, with potential for an extra 10,000 on small, disused sites. Mr Boff has called for councils to use some of the land to build these ‘pop-up’ homes, which will be genuinely affordable.
Boff said, ‘the standard of pop-up homes has improved beyond recognition in recent years. This realistic and sustainable housing solution is an untapped goldmine. These homes provide a fast, affordable solution that could help drive down the price of building and subsequently, renting in London.’
Cheap and affordable
Modular housing is used in the Netherlands to deal with the problems of developing unattractive sites and the affordability of housing.
Developer Vanbrugh looked at 32 traditionally-constructed homes, which took more than 16 months and £2.2m to finish. However, 32 modular homes took just six months and cost £1.8m.