phead

"The area around Bournemouth is now being targeted as a prime spot for overseas investors outside London." Linky "How about this modest little family home? Thunderbird, an award-winning property by developers Seven, is on the market for £3.95 million." New Rightmove Link We missed the open weekend, could have had a HPC party

Interesting case near me. 10 years ago a housing developer asked national grid to bury some power lines, they got told where to go. They tried against 5 years ago, and were told the same thing. 1 year ago they "suddenly" found out that they were not able to build there as there were power lines!!!!, so they told the council to meet home building numbers they would need the council to sell them the playing fields and allotments. Yet again they got told where to go.

All true but you totally miss the point. Landowners will never sell land at anything less than maximum profit Housebuilders will never let house building go into over supply, and they can influence government to prevent self build ever taking off. The HPC myth that building will reduce prices will *NEVER* happen, too many powerful forces working against it. As an aside, I was reading the objections to the public enquiry into the A5-M1 link road. Every second objection was from a land owner, they didn't say so but their actual problem is that compulsory purchase doesn't pay the prices Barratt's does.

Nothing new, "North Chiswick" has been around for years.

This discussion was sponsored by Barrett Homes, though please try and stay on topic, this is about expending the landbank and increasing share prices. Homes for people to live in is irrelevant minutiae.

Looks like someone has been fishing down the back of the sofa, Toilets, bits of scrub land (minus planning) , and freehold roofspaces (AKA fresh air). Pwoperty speculators, come on down!

The builder makes the full gain? I would have thought the original landowner, most likely a farmer, gets most of it. We can hardly tax farmland as a landbank.

The difference is like chalk and cheese. You can spend as little or as much as you like on a houses, many years I don't even spend a tenner. A flat can vary between say a shared freehold in a 2 flat property, which will cost very little, right up to X hundred per months maintenance + unexpected £1000s when the roof fails for a complex. I would avoid a flat in a block, freeholds tend to be owned by ripoff firms these days that want to fleece you. Even if you get a share of freehold or a RTM on a leasehold the unexpected costs can be a nightmare.

Ah the old ones are the best, and the planning=high prices theory is the oldest of them all. Pity it's rubbish. The landowners will not sell unless its for the maximum price. The house builders will not build unless they can sell for the maximum price. I know of sites with full planning that have not moved beyond 10% used for the last ten years, I know of plots zoned for housing that have stood empty for 20 years. To use the analogy above, If you owned the computer licenses would you throw all 15 million on ebay at once? Of course you wouldn't, you would drip feed them 1000 a time. To do anything else would be criminal stupidity.

I spotted a comment on some of these stories about the forest gate scheme that make interesting reading. At the same time they are trying to ship people out they are dumping people out of their homes with compulsory purchase, and building a new scheme that initially has 0% social/affordable housing.

low/no skill immigration +poor area+batshit crazy loony left council=One of the biggest dumps in london.

God help us if Penfold predicts that the sun will rise tomorrow.

Over what period? 1 Years accounts?

Exactly, you may have hated her but she was great at what she did. I'm not sure where you move up from defending bankers, PR for BP maybe?

Not sure where my candy combo fits on that list, but its still going after 12 years. What is the expected lifespan?

So out of the 3 stores in hemel, they closed 2. Out of the 3 stores in MK they only closed 1? Maybe its ask a poster suggested earlier, the centre gave them a freebie to fill space.

True, rental potential for drug addicts only. Strangely Mansfield has had an excess of council houses in the past and knocked some of the less desirable ones down, I have no idea who ends up in those horror show terraces. Ah my old school, which appears to have improved, but only as the neighbouring ones have dropped down faster than it has. The Clipo newbuilds are a disaster, all dropped massively since build and are unsellable at anywhere near the original cost. I know people who worked on them and the paint covers a lot of build problems, there are also rumours that there is something very odd about the drains. Still the area is harmless, better than 90% of areas on that list.

MK works well because it wasn't built by some Nanny council, it was all passed over to the MK development corporation who actually took some decisions. They forced in a cycle network and made it key part of the design, they forced in parkland, they forced in industrial areas , and if they were not needed now they were left blank until they were. You want to build housing, we want another park, you want to build a superstore, we want a stadium. Unfortunately the corporation is now closed, so the new developments are shitpit rubbish built in the wrong place to the wrong design. This has led to the road network slowly overloading and the place descending back to just another fat town with crappy Barratts trash estates.

Sounds good, it will keep my mate in work.... as a crash scene investigator.

Is our building method really that bad? I ask as whenever I see american timber framed houses on TV they are always rotten, full of bugs and need a new roof every 10 years. I know our methods are old school, but are the new methods really time tested?

1000-1500 sqFt is £140,000 PA+50K rates in centreMK, and guess what , due to game's buying sprees they have 3 of them! Two within spitting distance of each other, the other 50 metres away. It soon adds up.

Bad idea. Politicians are like vultures, give them a new tax and they will eat it all till there's nothing left. This will be a property tax for everyone within 10 years if introduced. Why not have more council tax bands, that would tax the top end evenly across the country.

Fleet price would be half of that, really. Same with peugeots, loads of them, no buyers.

God no, wrong line.

You missed ... 3) Screw West or East of london, go North. 30 Minutes into London , and you can buy a 4 bed detached for less than the price of a 1bed flat in zone 4. Choices choices.