Could Ikea's idea solve the UK's biggest housing problem

Posted on: 5 September 2019

Could Ikea's idea solve the UK's biggest housing problem

Most homes in WIGAN have at least one piece of IKEA furniture. It could be a Billy bookcase, Lack table or Poang armchair – the three biggest sellers for the Swedish Flat Pack Giant

But IKEA is looking beyond helping you furnish your home with their products. Their goal is to go one step further by building properties and helping to solve the housing affordability crisis.

Thanks to a deal they have struck with Worthing Council in England they could very soon be building affordable, environmentally friendly homes. BoKlok, a company jointly owned by IKEA and construction firm Skanska, specialises in factory-built housing that can be built at a low cost.

It claims it aims are to make it possible for ordinary people with average incomes to own a sustainable, quality, low cost home. Worthing Councillors have voted to work on the plan that would see 162 flats built on land it owns.

The land is then leased to BoKlok who build and sell the prefabricated homes which are said to be very environmentally friendly. BoKlok claims that building in a factory lowers theirenvironmental impact, especially as they use timber frames. 

They recycle most of their leftover materials with less than one percent getting thrown away. It also states that its carbon footprint is less than half that of normal building projects.

Here where it gets really interesting and genuinely ground-breaking. BoKlok sets the property prices, so buyers have money left to live on after they have paid their housing costs. Its website claims “a single parent can afford to buy and live in a newly built two bedroom BoKlok apartment.”

11,000 similar homes have been built and sold across ScandinaviaCould this IKEA inspired idea revolutionise the property landscape in the UK ?

We will have to wait and see

Thank you for reading this post

I hope you have enjoyed it and found it interesting enough to share with your friends

 

Share:


Recent Articles

6 April 2021

Guides

instant online valuation

FREE valuation

Find out how much your property is worth