Argentinian housing model could be the key to UK housing problem
An Argentinian housing model could be the key to solving the housing problem in the UK. Britishcouncil.org reports that the model may inspire architects in the UK to look at new building methods.
Fideicomiso is the housing model that has been popular in Argentina and an event at the Royal Institute of British Architects (RIBA) evaluated whether it would be effective in Britain.
Architects work directly with a group of future residents as investors
The event was the final part of an exhibition called Venice Takeaway: Ideas to Change British Architecture, which aimed to try and solve the UK-based problem of not being able to build enough houses. The model involves removing developers out of the house-building process altogether.
According to guardian.co.uk, researcher Elias Redstone said:
“There is a different culture of architects acting as entrepreneurs in Argentina. It is very common for them to work directly with a group of future residents as investors.”
The Argentinian model involves a trust-based contract
Sustainable construction methods could save money and get houses built quicker, with the Argentinean model involving a trust-based contract.
Fideicomiso projects have been used for smaller developments that may be overlooked by large developers. The architect teams up with the prospective residents to fund the construction and design, as well as securing the original site.
Author: Lauren Sutton Date Written: 3 June 2013