Ikea to build 162 affordable flats in the UK

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Ikea homes
// Ikea has been given the green light to build affordable homes in the UK
// Worthing Council has agreed to work with a housing developer co-owned by Ikea
// The deal will see 162 affordable flats built on a plot of land that Worthing Council owns

Ikea has announced it will soon build affordable housing in the UK after Worthing Council agreed to work with a housing developer co-owned by the furniture retail giant.

The council will work with Swedish property developer BoKlok, which is co-owned by Ikea and construction firm Skanska, to help set property prices so that “buyers have money left to live on after they have paid their housing cost”, The Guardian reports.

If the plans go ahead, work on the site will begin in September 2020, with residents being able to move in in April 2021.

The deal will see 162 affordable flats built on a plot of land that Worthing Council owns.

Properties in Worthing currently cost 11.7 times the residents’ local salaries, according to data from the ONS.

Meanwhile, the property’s flooring and wall tiles are included in the price, and are all fitted with an Ikea kitchen.

One-bedroom apartments will measure around 538sq ft, while three-bedroom apartments will measure 800sq ft.

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8 COMMENTS

  1. What a wonderful story . It is really good to hear that Ikea is building affordable flats . It would be perfect for London as many workers cannot get onto the property ladder as the inflated prices for property is incredible, they are forced to share rentals in groups to be able to afford the rents . Prices have even inflated as far as Orpington Kent with some new flats starting at £560,000
    Well done Ikea . I love the ikea kitchen in each property .

    • It’s only because Worthing Council gave them the land. Don’t think you’ll find the council have any spare land in Orpington.

  2. Great plan, IKEA. People trust this brand and will have confidence that the business will deliver well. After all, IKEA has its excellent retail brand reputation to protect.

  3. There will no doubt be the usual snipers taking the mick about flat pack houses. But the Scandinavians have been doing this for decades. It’s the way to go, in my view, to get houses up quickly and also to maintain quality.

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