Since Southwark Labour took over Southwark Council in 2010 they’ve had a policy of selling council properties if valued at more than £300,000 when they become vacant.
But the housing market is such that in East Dulwich ward no properties have been offered for sale at less than £300,000> I only realise this on Friday while preparing for a hustings. SO at the weekend I spoke to estate agents confirmed prices have risen to this degree for some time.
It means over time that East Dulwich will be socially cleansed of all council social housing tenants.
Typically council tenant churn is 3.5%. So it will only take 15 years for half of the council homes in East Dulwich to be sold.
Across Southwark since 2010 Labour have sold or demolished over 900 homes but built only 26.
The Lib Dems are offering an alternative. When we win back control of Southwark Council we would immediately raise this threshold to £500,000. Still not high enough in my opinion but it would immediately make a material difference.
Do you think East Dulwich should be socially cleansed?
What would you do to stop it?