Back
News

Can high-rise homes make you ill?

HEALTH AND WELLBEING: Are you in heaven or are you in hell? Are towers good for you? asks Create Street’s Nicholas Boys Smith.

Frothy coffees. Funky spaces. Great neighbours. Green roofs. Walking to everything. Watching the sun go down from your exclusive eyrie. To read the PR patter of a hundred sales brochures right now is to realise that high-rise heaven is round the corner and up the lift-shaft. We have learnt, proclaim sleek developers and confident architects, from the mistakes of the past. This time people will be happy and the windows will clean themselves.

Are they right? Some market signals are hopeful. There is a market for top end residential flats high in towers. In modern, high-end, well-managed London developments with a reliable lift, each floor is typically worth 1.5% more. Some robust sociological studies show that middle income or wealthy residents can be very satisfied with their homes as long as the blocks are well managed. And recent city-wide data shows that crime, particularly burglary, can now be lower in high-rise buildings compared to other housing. With more prosperous residents, controlled access, more expensive management and street locations, high-rises can be very safe places to live.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and expert analysis

Up next…