Londoners Who Live at the Office

By RUTH BLOOMFIELD

The pressure to create new housing in London has become so intense that office buildings across the city are being transformed into apartments…

Despite concerns about the loss of office space, the British government has announced plans to make it faster and easier for developers and homeowners to carry out this kind of work, without the need for specific legal permission to change the use of the building. At present, this legal loophole can take many months to jump through. Not only is time a factor but in the British planning system, each case is dealt with on its own merits. Local councils can—and regularly do—deny permission on the grounds that they do not support the loss of office space or feel the location is suitable for housing…

READ FULL ARTICLE HERE: http://online.wsj.com/article/SB10001424127887324789504578382372659589746.html

 

Published by