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Topic: Re:Mad property prices
Posted by: Chris Martin
Date/Time: 08/08/14 16:40:00

There's no way that house-building can catch up with the pent-up demand hence the high prices.

The reason there is such a problem now is quite simple - an existing population that is living longer and net migration of c5m (on official records - the actual number is likely much higher) under the last government. For all their rhetoric, less social housing was built under the last Labour government than the conservative one before it - Labour basically created the population pressure that has led to the current "cost of living crisis". 

We now have a need for around 2m properties (that's about 3 times as many homes as they are in birmingham) and with the increase in the birth rate due to recent migrants (more than 50% of children are now born to parents who themselves were born outside of the UK), we need to add another 400,000 or so homes on top.

So basically unless the country supports building 13 cities the size of Birmingham over the next 10 years the problem will continue to get worse.


Entire Thread
TopicDate PostedPosted By
Mad property prices08/08/14 12:29:00 Andy Pease
   Re:Mad property prices08/08/14 12:38:00 Andrew Cumming
      Re:Re:Mad property prices08/08/14 12:56:00 Pete Mayes
         Re:Re:Re:Mad property prices08/08/14 13:18:00 Andy Pease
            Re:Re:Re:Re:Mad property prices08/08/14 13:32:00 Vanessa Smith
      Re:Re:Mad property prices08/08/14 13:38:00 Pete Mayes
         Re:Re:Re:Mad property prices08/08/14 13:52:00 Andy Pease
            Re:Re:Re:Re:Mad property prices08/08/14 14:08:00 Russell Pearson
               Re:Re:Re:Re:Re:Mad property prices08/08/14 14:39:00 Kim Rugg
                  Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:07:00 Claire Moran
                     Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:11:00 Adrian Irving
                        Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:21:00 Pete Mayes
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 16:04:00 Adrian Irving
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 18:30:00 Anton Hirschowitz
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 18:45:00 Pete Mayes
                        Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:23:00 Micki Hawkes
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:26:00 Pete Mayes
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Mad property prices08/08/14 15:27:00 Pete Mayes
         Re:Re:Re:Mad property prices08/08/14 16:58:00 Andrew Cumming
      Re:Re:Mad property prices08/08/14 15:29:00 Flavio Zanrosso
         Re:Re:Re:Mad property prices08/08/14 15:52:00 Andy Pease
            Re:Re:Re:Re:Mad property prices08/08/14 16:17:00 Micki Hawkes
               Re:Re:Re:Re:Re:Mad property prices08/08/14 16:24:00 David Roberts
               Re:Re:Re:Re:Re:Mad property prices08/08/14 17:08:00 Pete Mayes
   Re:Mad property prices08/08/14 16:40:00 Chris Martin
      Re:Re:Mad property prices08/08/14 17:30:00 Gail Busza
         Re:Re:Re:Mad property prices08/08/14 17:36:00 Pete Mayes

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