Thousands protest out-of-control London housing market in #MarchForHomes protest
Hundreds take to London's streets to protest spiralling cost of homes in UK's capital
The influx of oligarchs and property speculators continues to push the cost of housing in London up, residents and campaigners have taken to the capital's streets to demand that Mayor Boris Johnson and the UK government take action.
Currently, the average cost of a home in London is £514,000. A 25-year mortgage with 5% APR interest, would demand monthly payments of £3,000: £250 more than the average gross monthly wage of workers in the UK.
Protestors are demanding that Johnson and the UK government bring in measures to control the spiralling prices, including preventing residential property for speculation, introducing rent control, and building more affordable housing.
I am so pleased I went to #MarchForHomes - change is possible if we act together. Great reaction from passers by pic.twitter.com/qG8D5eQpN8
— jackie schneider (@jackieschneider) January 31, 2015
East london leg of todays #MarchForHomes @FocusE15 pic.twitter.com/5jGLCpaWeB — Mitch Panayis (@EndzFilms) January 31, 2015
Police for Affordable Homes... Or at least @PeteTheTemp For Affordable Homes. #MarchForHomes pic.twitter.com/xuGCVuWkQ4
— Liam Barrington-Bush (@hackofalltrades) January 31, 2015
This is a big demo. #MarchForHomes pic.twitter.com/QGgofNpFYQ — Paraic O'Brien (@paraicobrien) January 31, 2015
Elephant roundabout blockaded by a huge Anti-Capitalista banner as march forms up #marchforhomes pic.twitter.com/qE0aXX6XtA
— Shelly Asquith (@ShellyAsquith) January 31, 2015
#marchforhomes form up at Elephant & Castle. Speeches at the moment. Anticipated march start remains 1300 pic.twitter.com/MxDPuvctS3 — MPS Southwark (@MPSSouthwark) January 31, 2015
#MarchForHomes East London contingent, soon to be on the move! pic.twitter.com/yxhnNFOGxd
— David Madden (@davidjmadden) January 31, 2015
Earlier this week David Cameron announced that a new benefit cap of £23,000 would be introduced if Conservatives retain power in the May general election.
Following this, the Moat housing association told the Guardian that such a cap would make their social housing "instantly unaffordable" for most of its residents, that would force lower- and medium-income workers to move out of the south-east of England.
Solidarity with all marching on Boris today #marchforhomes @FocusE15 @OccupyLondon @rustyrockets pic.twitter.com/3TqLB1rUh5 — bheardmedia (@bheardmedia) January 31, 2015
Preparing to set off fr/ Shoreditch on the #MarchForHomes, @FocusE15 up front! pic.twitter.com/n7bz0YvwvV
— Liam Barrington-Bush (@hackofalltrades) January 31, 2015
Now this is what you call a placard #MarchForHomes pic.twitter.com/DWtF2mzTF7 — jackie schneider (@jackieschneider) January 31, 2015
Fantastic banner from @BrickLDebates at the #MarchForHomes. pic.twitter.com/4Lk7O38OYE
— UK Uncut (@UKuncut) January 31, 2015
AXE THE BEDROOM TAX - TAX THE MILLIONAIRES #MarchForHomes #savesocialhousing pic.twitter.com/219pxYMaV2 — cathy ward (@wardsister) January 31, 2015
Massive turnout for #MarchForHomes - no to cuts! No to austerity! #olsx pic.twitter.com/4T5ECUAXu1
— Occupy London (@OccupyLondon) January 31, 2015
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