Wednesday, 23 July 2014

Prefabs sprout

There was mention on the news today of a new answer to the high cost of land in London, the return of the prefab. At first glance it looks like the trend for smaller houses taken an absurd level, with its 280 sq ft of floorspace, but it does make you think, how much space does one person actually need? It is certainly cheap to run, costing under a pound a week to heat and light. Could this be the shape of things to come?


Mark Wadsworth said...

I mentioned that story at the time.

It illustrates that reducing build costs has no downward impact on the rent, the rent/square yard of land is the same, the rent as % of build costs goes up.

Mark Wadsworth said...

Good post title though!

Bayard said...

"I mentioned that story at the time."

I even commented on it. My memory must be going worse than I thought.