The average price of London homes tends to be around £580,000, but British studio OMMX and not-for-profit builder Naked House teamed up to design ultra-affordable houses for first-time homebuyers that start at £150,000.
The affordable housing designs are fairly minimal in terms of what they offer, but there are features that will appeal to young, prospective homeowners. Beyond the reasonable price points, the design of the living spaces will be presented as "shells" that have no internal walls, floors or finishes, which makes it possible for customizations to be made exactly to one's taste.
As Naked House says: "Our model goes back to basics – saving build costs by creating neighbourhoods of genuinely affordable 'naked' homes."
Key Themes Behind This Trend
- Ultra-affordable Housing
- The trend of designing and building ultra-affordable housing for first-time buyers.
- Customizable Living Spaces
- The trend of presenting living spaces as 'shells' with no internal walls, floors, or finishes for easy customization.
- Basic Housing Designs
- The trend of prioritizing functionality and simplicity over extravagance in housing design.
Where This Applies
- Homebuilding
- The homebuilding industry can disrupt the market by designing and building ultra-affordable, customizable, and basic housing options for first-time homebuyers.
- Real Estate
- The real estate industry can disrupt the market by prioritizing the sale of ultra-affordable, customizable, and basic housing options for first-time homebuyers.
- Architecture
- The architecture industry can disrupt the market by designing ultra-affordable, customizable, and basic housing options that prioritize functionality and simplicity over extravagance.
