Topic: | Re:Two Myths About the Housing Market | |
Posted by: | Adrian Irving | |
Date/Time: | 06/01/15 10:13:00 |
I think some people have missed my original point. The 2.5m to 400k refers to NEW BUILD HOMES only. From this it is clear we are building the vast majority of new property aimed directly at investors and stuff anybody else. This is a big part of the problem for young people. The statistic for overseas buyers buying up NEW HOMES particularly in London I do not know but my eyes & ears tell me it is significant. First time buyers may be up ( if you believe the statistics) but from a miserably low level and only after Government intervention, not a sustainable trend in my view. |