Thursday, Mar 08, 2007
Up to 4% of UK Homes Lying Empty
EmptyHomes.com: Empty Homes Statistics 2006
This one is for Steve who thinks HPI is all down to not enough houses being built, even Surrey has 3.3% of its housing stock lying empty. Can't wait for all those empty new build flats to be added to the totals this year.
Posted by enuii @ 07:15 PM (202 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Auntie said...
600k empty homes owned by private landlords. Hmmmm. Anyone out there still think this is not a 'speculative' bubble!
2. sold 2 rent 1 said...
The big thing that strikes me this week is the enormous amount of money still sloshing around.
With landlords prepared to buy-to-sit, thousands of empty properties, even FTBs saving up large deposits but waiting for a crash to buy.
With world IRs still at historic lows, be prepared for this boom to be rampant in the next 9-12 months. Remember the last phase of the boom can be the strongest.
I have a slight fear that inflation may not take off and when consumers are squeezed through higher taxes and higher IR, the IRs around the world will be slashed and the boom will go even higher.
Now is still a bad time to buy. Property will have crashed by 2010.
With money supply surging, gold has to be the best way to preserve cash.
3. sold 2 rent 1 said...
An extract from this weeks economist
Moreover, suppose that risk premiums should be permanently lower and asset valuations permanently higher: by how much? The honest answer is that no one knows: that is what financial markets are supposed to divine, and there is no guarantee that the business of discovery will always be smooth. What you can say is this: in part, the run-up in the prices of houses, shares and other assets does indeed reflect the belief that inflation (and hence nominal interest rates) is likely to stay low for a long while. In part, though, it is also the legacy of the loose policies of Mr Greenspan's time: liquidity is, to a degree, in the gift of central banks. In the past few days financial markets have paused for thought about the valuation of the increasingly ephemeral things in which they deal. At some point, they will surely have to think again.
4. geed said...
600,000 people willing to pay a mortgage for a house they dont use or make any liquid income from.
5. Hopingforahpc-staffs. said...
The situation with empty houses in the country is something I have studied a bit. Most of the properties that are empty don't have mortgages on them. The reasons for them being empty are various and sometimes sentimental, some are the result of disputed legacies, the current owners don't have the money to renervate. Local councils now have the powers to impose management orders so they can be rented out, but this requires the councils to spend money which many of them don't have. What we need is to give local authorities the powers to seize the properties, sell them off at auctions to FTBs only, returning to the owners to proceeds of the sale minus expenses.