2024-11-05T05:38:53-05:00 https://archinect.com/news/article/149941650/the-root-of-london-s-housing-crisis-lies-beyond-its-borders Amelia Taylor-Hochberg 2016-04-20T20:05:00-04:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.gumlet.io/uploads/3b/3btcb5rk4it7tlhj.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>In 2008 the financial crisis was caused by the sub-prime property crash in the US. Today London is facing a super-prime crisis. [...] the market in London and parts of the south-east does not respond to local demand, because it is fuelled by the demands of global capital flooding into London, much of it from highly dubious sources, as the Panama Papers reveal. If London has been shown to be a hub of global money laundering, the property market is its driving force.</p></em><br /><br /><p>More on London's housing crisis:</p><ul><li><a title="A tall order? Wooden skyscraper could become Britain's second tallest building" href="http://archinect.com/news/article/149939854/a-tall-order-wooden-skyscraper-could-become-britain-s-second-tallest-building" rel="nofollow" target="_blank">A tall order? Wooden skyscraper could become Britain's second tallest building</a></li><li><a title="Stock bricks to Brutalism: housing design in Poplar" href="http://archinect.com/news/article/149938943/stock-bricks-to-brutalism-housing-design-in-poplar" rel="nofollow" target="_blank">Stock bricks to Brutalism: housing design in Poplar</a></li><li><a title="London's housing crisis is creating a chasm between the rich and poor" href="http://archinect.com/news/article/149938805/london-s-housing-crisis-is-creating-a-chasm-between-the-rich-and-poor" rel="nofollow" target="_blank">London's housing crisis is creating a chasm between the rich and poor</a></li><li><a title='Bank of England proposes new limits for "buy-to-let" landlords' href="http://archinect.com/news/article/149937011/bank-of-england-proposes-new-limits-for-buy-to-let-landlords" rel="nofollow" target="_blank">Bank of England proposes new limits for "buy-to-let" landlords</a></li><li><a title="Could a pop-up village in south-east London be the answer to the city's housing crisis? " href="http://archinect.com/news/article/149935882/could-a-pop-up-village-in-south-east-london-be-the-answer-to-the-city-s-housing-crisis" rel="nofollow" target="_blank">Could a pop-up village in south-east London be the answer to the city's housing crisis?</a></li><li><a title='"Pay to stay" may boot 60,000 UK families from their homes' href="http://archinect.com/news/article/147756307/pay-to-stay-may-boot-60-000-uk-families-from-their-homes" rel="nofollow" target="_blank">"Pay to stay" may boot 60,000 UK families from their homes</a></li></ul>