The council flat I lived in as a child in Fulham swapped hands for less than half a million pounds recently. My former wife’s house cost £15,000 in the late ’70s. You’d pay over £1m for it now.
But this pales into insignificance if you look at the house in Notting Hill I was born into after the war. A big slum stuffed full of the working poor, it would now cost you over £20m.
All of the overheated buying and selling of property has been increased alarmingly by the hidden owners. Who have used legal but often questionable means of hiding their ownership in the vaults of Panama. As homelessness increases and our streets fill up with rough sleepers, nameless tax dodgers, using Panama as a front, fill their coffers quicker than ever. In the meantime, nurses, firemen, doctors, students and almost everyone else wonders where their next roof is coming from. I walk around central London and see people begging, people sleeping in doorways.
Now we know that the corruption of London’s property markets by flats and houses left empty is fuelled off-shore, we need to act. We need to claim back what was once a simple place for people to live.
As homelessness increases and our streets fill up with rough sleepers, nameless tax dodgers, using Panama as a front, fill their coffers quicker than ever
I started The Big Issue 25 years ago to give people on the street the chance to make a legal form of income. Over the last quarter of a century we have struggled to get people off the streets, into programmes and moving forward. Yet this becomes even more difficult when housing and rents go through the roof.
Being homeless is on the rise, and it’s likely to increase more. Vast hidden numbers of people who are sofa-surfing, living in old buildings; trying to get a roof over their heads. Homelessness is a barometer of the health of our society, and it is a threat to more and more people.