Thursday, 31 October 2013

Council House Raises £3m at Auction

Protesters have taken over a London home billed as the "most expensive council house ever sold" which raised almost £3m for Southwark council after fierce bidding at an auction. The price paid for the building was £710,000 above the £2.25m reserve price and enough to fund 20 new council homes in the inner-London area. However, as the hammer came down, local housing campaigners were occupying the building to try to stop the sale. They said 25,000 people in the borough needed council homes and described the sale as part of a process of "social cleansing" in the capital. Read more on the Guardian website.

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