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Greenwich 's Extortionate Village : Property Prices Vs. Household

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Naushin Chowdhury
Marko Jobst
December 2015

Greenwich’s Extortionate Village: Property Prices Vs. Household Income

Greenwich Millennium Village is a Development project situated in the Royal Borough of Greenwich. The scheme is to promote 21st-century affordable, sustainable living in the U.K. It is conveniently located in south-east London, and a short distance away from the financial centre and gives easy access to Central London. The site is a 121-hectare brownfield development with easy bus travelling, and cycling route, a primary school, a health centre, two grocery stores and suitable parking and car sharing areas. Over £200,000,000 was invested in the project to attract a new, vibrant generation of people into the previously unused and neglected area.

Greenwich Peninsula, especially the Millennium Village is advertised as the future for sustainable living for families wanting to live ‘village life in the city’(Countryside Properties, n.d.). Village life is claimed to be simple and affordable, however that is not the case for Greenwich Millennium Village. Housing is stated to be for families because primary schooling is available, however, secondary education is not currently available in the village. This suggests that education above the age of 11 is not considered in the Masterplan of Greenwich Millennium Village and maybe the target audience for the scheme is new families with small children. The project is part of a four-phase experimental sustainable

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