IKEA Is Building Affordable Sustainable Homes in the UK

published Jul 3, 2019
We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing.
Post Image
Credit: FotograFFF

Given the global scarcity of housing options and the various costs associated with owning a home, securing an affordable place to live is an increasingly common struggle for many people in search of a long-term or permanent residence. In an effort to remedy this widespread issue, a company co-owned by project development and construction company Skansa and IKEA are building low-cost housing in the UK

The project is the result of a deal signed between Worthing council in West Sussex and Boklok, the IKEA-backed housing concept that provides low-cost, sustainable housing to individuals with average incomes. The arrangement will bring 162 apartments to a plot of land owned by the council, which will designate 30 percent of the homes as “affordable and social” living options. The remaining homes would be “genuinely affordable” housing, modeled after Boklok’s “left to live” blueprint, which determines the mortgage a full-time worker can “realistically” afford based on their average salary, Homes and Property UK explains.

Details remain scant on the design specifications for the complex, but there has been some unconfirmed talk of the homes including an IKEA kitchen.  

Councillor Kevin Jenkins, Worthing Council’s executive member for regeneration, emphasized to the BBC how the affordable housing project could benefit the locals. “In this current market, it’s extremely tough for local people who are in full-time work to get on the housing market. This proposal could change that, giving these hard-working individuals a genuine chance to buy their own home without having to move out of the town,” Jenkins said.

At the moment, the project could begin the construction phrase in September 2020 with the first homes being built and available for occupancy by 2021. Since its inception in 1997, Boklok has produced more than 11,000 homes in Finland, Norway and Sweden. Fortunately, it’s in good company: Google just donated $1 billion in an effort to remedy the Bay Area’s housing crisis, expanding the list of major businesses that are helping to make home ownership more accessible.