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The Guardian: "The £705,000 'affordable' home"

"Some housing associations are stretching the meaning of 'affordable home' to the limit" 

Link to web site

"In a busy road sandwiched between the office blocks of the City of London and the bijou streets of Islington lies what housing association One Housing Group calls a 'calm home base where you can recharge the batteries'. 

"... The biggest of the apartments, with a floor space less than the standard three-bed semi but without a garden, are [sic] on sale for between £695,000 and £705,000. It is, probably, the most expensive ever new-build offered by a housing association, yet it still meets the official criteria used to describe 'affordable' – and qualify for taxpayer support."

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