Developments for Keyworkers?Posted: August 20, 2001 Filed under: Gentrification / Regeneration, Shoreditch Comments Off on Developments for Keyworkers?
Who are keyworkers? The Hoxton Square development “in London’s most talked about arts and media village” advertises this week in the Hackney Gazette with one and two bedroom apartments priced from £239,950. Some of the development is supposed to be available to keyworkers in the borough on a shared ownership basis, but what local person is going to be able to afford even a 30 or 40 % share in a flat at that price?
The definition of keyworkers is a fairly narrow one too – teachers, nurses and police – is it really likely that a nurse or teacher would be able to afford to live there, let alone someone on a lower wage who drives a bus, cleans the streets or works as a classroom assistant?
As with many of the new developments in Hackney, they are not designed for the working class majority who are being priced out of the area, but for the trendy rich who can afford such ridiculous prices and are attracted to the “arts and media village” that developers want Hoxton to become.